Hess Valuation Range Increased and 4 Stock Analyses Making Rounds
Chipotle Mexican Grill, Inc. (NYSE:CMG): Current price $308.20
Bank of America/Merrill said Chipotle Mexican Grill, Inc.’s pre-announcement a few weeks ago clarified near-term issues and has shifted sentiment positively, allowing investors to focus on long-term fundamentals. The firm expects long-term unit growth and metrics, new businesses, and aggressive buybacks to drive shares. The firm rates Chipotle a Buy with an increased price target of $350, up from $310.