Deutsche Bank Boosts Chipotle Mexican Grill (CMG) PT to $330, Sees Back End Loaded 2013
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Price: $366.87 -1.55%
Rating Summary:
11 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
11 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade CMG Now!
Deutsche Bank raised its price target on Chipotle Mexican Grill (NYSE: CMG) from $290 to $330 but is maintaining a Hold rating.
The analyst comments: "Back end loaded 2013 - CMG faces a challenging set up in the 1H13, likely keeping earnings growth in the high single digit range. While we expect growth to accelerate in the back half, uncertainty around the magnitude of pricing actions, ongoing commodity inflation, and valuation near the 5-yr avg (31x 2013E EPS) keeps us on the sidelines. Maintain Hold."
For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.
Shares of Chipotle Mexican Grill closed at $307.01 yesterday, with a 52 week range of $233.82-$442.40.
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The analyst comments: "Back end loaded 2013 - CMG faces a challenging set up in the 1H13, likely keeping earnings growth in the high single digit range. While we expect growth to accelerate in the back half, uncertainty around the magnitude of pricing actions, ongoing commodity inflation, and valuation near the 5-yr avg (31x 2013E EPS) keeps us on the sidelines. Maintain Hold."
For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.
Shares of Chipotle Mexican Grill closed at $307.01 yesterday, with a 52 week range of $233.82-$442.40.
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