CMG: Analysts Issue Opposite Views on Chipotle Stock

Last month the chain easily beat Wall Street forecasts

   

CMG: Analysts Issue Opposite Views on Chipotle Stock

Will Chipotle Mexican Grill (CMG) stock continue to climb or fall back? Analysts at two investment firm’s have widely divergent views.

chipotle185 CMG: Analysts Issue Opposite Views on Chipotle Stock
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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.

chipotle cmg stock pizza CMG: Analysts Issue Opposite Views on Chipotle Stock
Brace Yourself. Chipotle Prices May Get Even Higher

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.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/cmg-analysts-issue-opposite-views-chipotle-stock/.

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