Analysts downgrade Chipotle rating amid concerns over slowing sales
CMG Chipotle Mexican Grill
$27.52 -2.20%
View chart & analysis → - 1TD Cowen analyst Andrew Charles downgraded Chipotle from buy to hold.
- 2Andrew Charles lowered the 12-month price target to $32.
- 3Chipotle shares have fallen 24% this year.
So what's the key point?
An expert stopped recommending this stock due to fears that Chipotle sales might decrease. The target price, which was expected to rise, has been lowered to $32.
Source Bloomberg · View original ↗
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