Deutsche Bank Boosts Price Target On Chipotle Mexican Grill (CMG) to $400

Deutsche Bank raised its price target on Chipotle Mexican Grill (NYSE: CMG) to $400 while maintaining its Buy rating following Q4 results.

The firm noted the quarter was generally in-line. However, the company posted another quarter of double-digit comps and trends continued into January.

"With moderating inflation, higher pricing, throughput improvements, a strong new store pipeline, and limited competition, we continue to see good visibility for earnings, which should support the multiple," the analyst said.

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 $370.41 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla to launch Cybercab in Austin this month - report
• Enovix Corporation (ENVX) PT Lowered to $5 at BofA Securities
• DocGo (DCGO) Misses Q2 EPS by 6c; Offers Guidance