- BMO Capital upgrades Chipotle (NYSE:CMG) to an Outperform rating after having a Neutral stance on the high-flyer.
- The investment firm's updated price target of $760 accounts for a new runway of growth it sees for the restaurant chain and the potential for cash to be returned to shareholders.
- BMO notes a deceleration in Chipotle's comp growth off the high teens marks of 2014 is widely expected and shouldn't create a disruption.
- CMG +0.8% premarket to $626.05.
Chipotle a new favorite at BMO Capital
Recommended For You
More Trending News
About CMG Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CMG | - | - |
Chipotle Mexican Grill, Inc. |