Deutsche Bank Downgrades Chipotle Mexican Grill (CMG) to Hold; Nothing Lasts Forever
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Price: $376.87 --0%
Rating Summary:
11 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
11 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade CMG Now!
Deutsche Bank downgraded Chipotle Mexican Grill (NYSE: CMG) from Buy to Hold with a price target of $375.00 (from $460.00).
Deutsche analyst said, "While most of CMG’s troubles appear to be external, we see enough risks/headwinds to give us pause on what is otherwise a high-quality story w/significant runway for growth. Lower to Hold given macro overhang, signs that food inflation could re-emerge in coming quarters, and less room to raise prices given softer traffic (not a good combination)." (FY13 EPS estimate cut from $11.13 to $10.67)
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 $403.86 yesterday, with a 52 week range of $271.53-$442.40.
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Deutsche analyst said, "While most of CMG’s troubles appear to be external, we see enough risks/headwinds to give us pause on what is otherwise a high-quality story w/significant runway for growth. Lower to Hold given macro overhang, signs that food inflation could re-emerge in coming quarters, and less room to raise prices given softer traffic (not a good combination)." (FY13 EPS estimate cut from $11.13 to $10.67)
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 $403.86 yesterday, with a 52 week range of $271.53-$442.40.
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