Chipotle Mexican Grill (CMG): Cutting Estimates After Weak Consumer Survey - RBC
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/25/2024
- Futures falter as Meta Platforms weighs on megacaps
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen at multi-decade lows, dollar drops before US data
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Chipotle Mexican Grill (CMG) Estimates, Valuation Range Cut at Wells Fargo as Lackluster Sales Persist
October 19, 2016 7:56 AM EDTWells Fargo analyst Jeff Farmer lowered estimates and his valuation range on Chipotle Mexican Grill (NYSE: CMG) to $440-460 from $500-520 as a lackluster SSS recovery persists.
Farmer commented, "Investor patience is understandably wearing thin as Chipotles SSS recovery pace has... More
