Chipotle: Jefferies raises target price
(CercleFinance.com) - On Wednesday an analyst at Jefferies confirms a neutral stance ("Hold" rating) on the Chipotle Mexican Grill share, after analysing social engagement, even though the broker has raised its target price for the share (from 700 dollars to 820 dollars).
"Regional analysis suggests that markets testing Carne Asada this spring (which just launched nationally for a limited time) saw a bump in visits," Jefferies hails, although has not upgraded the share to buy due to its current valuation.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Regional analysis suggests that markets testing Carne Asada this spring (which just launched nationally for a limited time) saw a bump in visits," Jefferies hails, although has not upgraded the share to buy due to its current valuation.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.