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TD Cowen Downgrades Chipotle Ahead of Earnings

TD Cowen downgraded Chipotle ahead of its third-quarter earnings next week. The headline also cites a Deutsche Bank price-target cut and a warning of a “challenging” 2027.

CMG

Chipotle Mexican Grill (CMG) shares drew investor attention on Wednesday after a downgrade from TD Cowen and a price target cut from Deutsche Bank, adding to Wall Street’s bearish temperament ahead of the company’s third quarter earnings next week.According to TheFly, TD Cowen downgraded Chipotle t…