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Chipotle a new favorite at BMO Capital

May 01, 2015 9:04 AM ETChipotle Mexican Grill, Inc. (CMG) StockCMGBy: Clark Schultz, SA News Editor
  • 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.

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