Chipotle profit falls on higher coronavirus-related expenses

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Chipotle Mexican Grill (CMG) PT Raised to $1,200 at BMO Capital

October 22, 2020 7:13 AM EDT

BMO Capital analyst Andrew Strelzik raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $1,200.00 (from $1.00) while maintaining a Market Perform rating following the company's 3Q earnings report. CMGs 3Q20 EPS of $3.76 exceeded consensus by $0.29 reflecting stronger comps and restaurant margins.

Acknowledging positive... More