Morning News Leader: Stifel Boosts Price Target on Chipotle Mexican Grill (CMG) Stock
Chipotle Mexican Grill, Inc. (CMG) is up 0.5% Friday morning. Analysts at Stifel maintained their “hold” rating on the stock while significantly boosting their price target from $500 to $700. The firm noted the company’s current growth momentum fueled by its successful turnaround program.
Chipotle Mexican Grill, Inc. (CMG) is a fast food chain.
AVROBIO, Inc. (AVRO) and Triumph Group, Inc. (TGI) top the list of other companies with positive news today, while LivaNova PLC (LIVN) and Office Depot, Inc. (ODP) top the list of companies with negative news.
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About Chipotle Mexican Grill Inc.
With $4.9 billion in systemwide sales during 2018, Chipotle Mexican Grill is the largest player in the $14 billion domestic fast-casual Mexican restaurant category. Its menu includes burritos, bowls, tacos, and salads, which are made from higher-quality ingredients than those typically found at quick-service restaurants. As of June, the firm operated more than 2,500 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.