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

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.
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Comments (1)
  • wrynot
    , contributor
    Comments (257) | Send Message
     
    ...am I the only one who finds it funny that the Benzinga article author's last name is "Einhorn"?
    Still color me amazed that the market can be paying 33x estimated earnings for a company that is projecting single-digit growth.
    19 Apr 2013, 10:19 AM Reply Like
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