Chipotle Mexican Grill (CMG) PT Lowered to $280 at Barclays
Barclays lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $280.00 (from $325.00) while maintaining a Equalweight rating.
Analyst Jeff Bernstein says the valuation is vulnerable now given limited margin visibility and restricted insight into EPS performance. The analyst suspects the valuation will continue to compress before stabilizing and possibility rebounds if and when a recovery becomes evident.