- Chipotle (NYSE:CMG) drifts 1.24% lower in premarket trading after Morgan Stanley pops in with a downgrade tied to valuation.
- "A significant run up in the share price (+65% YTD and more than doubling in the past year) leaves CMG close to our bull case, which could still take 2-3 years to fully play out," warns MS analyst John Glass.
- "We remain constructive on fundamentals, but see less upside for the stock," adds Glass.
Chipotle dips after Morgan Stanley downgrade
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About CMG Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CMG | - | - |
Chipotle Mexican Grill, Inc. |