UPDATE: Morgan Stanley Downgrades Chipotle Mexican Grill (CMG) to Equalweight

(updated to add analyst comment)

Morgan Stanley analyst John Glass downgraded Chipotle Mexican Grill (NYSE: CMG) from Overweight to Equalweight with a price target of $658.00 (from $617.00).

• Says improvements from management are better reflected in the current valuation.
• Steps aside due to limited upside to new price target.

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 $699.43 yesterday.

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