CMG: Analysts Issue Opposite Views on Chipotle Stock

by Christopher Freeburn | February 7, 2014 10:23 am

CMG: Analysts Issue Opposite Views on Chipotle Stock

Will Chipotle Mexican Grill (CMG[1]) stock continue to climb or fall back? Analysts at two investment firm’s have widely divergent views[2].

chipotle185 CMG: Analysts Issue Opposite Views on Chipotle Stock[3]
Source: Flickr[4]

Analysts at Credit Suisse (CS[5]) 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[6], beating Wall Street estimates.

CMG stock rose slightly in Friday morning trading. CMG stock has gained about 70% over the last year.

Endnotes:
  1. CMG: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMG
  2. have widely divergent views: http://seekingalpha.com/news/1556101-chipotle-hears-from-a-bull-and-a-bear
  3. [Image]: http://investorplace.com/wp-content/uploads/2012/11/chipotle185.jpg
  4. Flickr: http://www.flickr.com/photos/z0/5115793807/lightbox/
  5. CS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CS
  6. reported sharply higher fourth-quarter earnings and sales: http://investorplace.com/2014/01/strong-chipotle-sales-cmg-stock-soaring/#.UvT3QXlhOf0

Source URL: http://investorplace.com/2014/02/cmg-analysts-issue-opposite-views-chipotle-stock/
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