Stifel analyst Chris O’Cull lowered the firm’s price target on Chipotle (CMG) to $68 from $70 and keeps a Buy rating on the shares. The company reported Q4 EPS and same-restaurant sales roughly in line with the firm’s estimates, but the company provided “disappointing” low-to-mid single digit comp guidance for 2025, the analyst tells investors. While “disappointed” in the comp outlook, the firm believes it could prove conservative, given the upcoming initiatives, the analyst added.
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