Baird adds Chipotle Mexican Grill (CMG) to Fresh Pick List

Baird analyst David Tarantino reiterated an Outperform rating and $800.00 price target on Chipotle Mexican Grill (NYSE: CMG).

The analyst comments "Based on the pullback in the stock relative to the April-May highs, combined with our incrementally positive view of the fundamental outlook coming out of our conference this week, we highlight CMG as an attractive stock for investors with near- and long-term horizons. We see opportunity for signs of strong top-line momentum in Q2/2H19 to contribute to more positive sentiment on the shares given prospects for CMG to show major earnings power as unit volumes recover toward prior peaks."

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 $697.81 yesterday.

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