Morning News Leader: Wedbush Gives Chipotle Mexican Grill (CMG) Big Price Target Boost
Chipotle Mexican Grill, Inc. (CMG) is up 0.8% Friday morning. Analysts at Wedbush boosted their price target on the stock to $640 from $500. The firm also lifted its rating on the stock to “neutral” from “underperform”.
Chipotle Mexican Grill, Inc. (CMG) is a fast food chain.
Hibbett Sports, Inc. (HIBB) and Best Buy Co., Inc. (BBY) top the list of other companies with positive news today, while JinkoSolar Holding Co., Ltd. (JKS) and NIKE, Inc. (NKE) top the list of companies with negative news.
Already a member?
Login to see your Morning News Leader Trade Idea.
Not yet a member?
You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.
Become A Member
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.