Chipotle Mexican Grill (CMG) PT Lowered to $55 at BMO Capital

BMO Capital analyst Andrew Strelzik lowered the price target on Chipotle Mexican Grill (NYSE: CMG) to $55.00 (from $65.00) while maintaining a Outperform rating.

The analyst commented: "Lots of Negative News, but Could Be the Last Cut; In-line 3Q25 EPS of $0.29 reflected favorable G&A/taxes offsetting margin pressure and slightly softer comps. CMG lowered 2025 comp outlook, implying 4Q down LSD-MSD% (+1.1% Street), now expects MSD% commodity inflation in 2025/2026, and suggested pricing sub-2%, in our view. We lower target and EPS as performance has lagged our expectations. However, we attribute largely to macro and view array of negatives priced in after CMG used call to reset expectations. We believe shares offer attractive entry for advantaged long-term outlook and likely comp reacceleration through 2026."

You May Also Be Interested In

• Tesla readies August launch of CyberCab - The Information
• EyePoint Inc. (EYPT) PT Lowered to $8 at Jefferies
• Parsons wins $665M Army contract for support services