Deutsche Bank adds to the positive sell-side calls on Chipotle Mexican Grill (CMG +10.6%),...

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

Deutsche Bank adds to the positive sell-side calls on Chipotle Mexican Grill (CMG +10.6%), raising its price target to $345 from $330. Deutsche says CMG's Q1 margins were a "solid beat" but notes that the company seemed "more hesitant about raising prices" on this quarter's call, as management is apparently concerned with the "choppy macro" environment. DB's commentary is less sanguine than that of Credit Suisse and Northcoast which may explain why DB's new price target is the lowest of the group.