by Christopher Freeburn | February 7, 2014 10:23 am
Will Chipotle Mexican Grill (CMG) stock continue to climb or fall back? Analysts at two investment firm’s have widely divergent views.
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.
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