Chipotle price target raised to $70 from $69 at Citi

Citi raised the firm’s price target on Chipotle (CMG) to $70 from $69 and keeps a Buy rating on the shares post the Q4 report. The company’s Q4 comps and Q1 sales commentary generally met investor expectations and set the stage for a “tale of two halves” in 2025, with a slower sales and margin start and stronger finish, the analyst tells investors in a research note. Citi sees Chipotle shares “quickly shifting” to the second half of 2025 narrative if honey chicken comes in March, and, and such, sees any near-term softness as an “enhanced buying opportunity.”