Analysts at Credit Suisse (CS) are cheerleading potential gains for CMG stock. The global bank has included CMG in its list of stock “Top Picks.” CS has also set a price target of $640 for CMG shares — roughly 17% above their current value of about $545 a share, Seeking Alpha notes.
However, Longbow Research is taking a more pessimistic view of CMG. Longbow has set a price target of $416 for CMG shares, expecting CMG stock to decline about 24% from its current trading price.
Last month, CMG stock surged after the restaurant chain operator reported sharply higher fourth-quarter earnings and sales, beating Wall Street estimates.
CMG stock rose slightly in Friday morning trading. CMG stock has gained about 70% over the last year.