Chipotle Mexican Grill (CMG) PT Cut to $450 at Wedbush

Wedbush analyst Nick Setyan reiterated a Neutral rating and lowed his price target on Chipotle Mexican Grill (NYSE: CMG) to $450.00 (from $500.00) as the E. coli impact again worse than expected.

That said, the anlyst believe the current valuation properly reflects lack of visibility into near-term results, offset by industry leading unit economics medium-to-longer-term.

The analyst notes visibility into medium-term comp reacceleration remains nonexistent.

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 $426.67 yesterday.

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