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Chipotle +1% after Wedbush upgrade

  • Wedbush lifts Chipotle (NYSE:CMG) to an Outperform rating from Neutral.
  • The firm sees Chipotle establishing a "digital moat" that could lead to a run of high single-digit comparable sales for several years.
  • Wedbush hikes its price target to $980 vs. $780 prior and the sell-side average PT of $772.27.
  • Shares of CMG are up 1.00% premarket to $844.68.

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CMG--
Chipotle Mexican Grill, Inc.