Loop Capital lowered the firm’s price target on Chipotle (CMG) to $63 from $65 and keeps a Buy rating on the shares. The company’s Q1 results were mixed as earnings beat but comps missed, with the management having indicated that macro-related pressure on consumer spending began to impact comparable sales in February and this continued into April, the analyst tells investors in a research note.
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Read More on CMG:
- Chipotle’s Growth Potential: Buy Rating Reiterated Amidst Positive Trends and Operational Efficiencies
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