Analysts cut Chipotle stock target, question menu price hikes

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Go back to Analysts cut Chipotle stock target, question menu price hikes

Chipotle Mexican Grill (CMG) PT Lowered to $435 at Maxim Group

July 26, 2017 9:08 AM EDT

Maxim Group lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $435.00 (from $470.00) while maintaining a Buy rating. CMG posted 2Q EPS of $2.39, vs. the Street's $2.15 estimate. Revenues of $1.169B compares to the Street's $1.186B.

Analyst Stephen Anderson revised full year EPS to $8.66 (from... More