Credit Suisse raises its price target on Chipotle Mexican Grill (CMG +7.6%) after the company...

|About: Chipotle Mexican Grill, Inc. (CMG)|By:, SA News Editor

Credit Suisse raises its price target on Chipotle Mexican Grill (CMG +7.6%) after the company announced Q1 earnings Thursday. Comps growth of 1% Y/Y demonstrated that the company "weathered headwinds better than some had feared," and "excluding all the noise" comps on a one- and two-year basis "remain stable" showing the consumer "remains in the sluggish but stable trajectory." In a separate report, Northcoast Research upgrades the shares to Buy from Neutral. Price targets are now $360 for CS and $400 for NR.