Chipotle Shares Face Multiple Price Target Cuts After Q3 Results
Several analysts lowered Chipotle price targets after its third-quarter results. RBC Capital cut its target to $40 from $45, while maintaining an unspecified rating.
Chipotle (CMG) shares drew a slew of price target reductions following the company’s third-quarter results, even as some pointed to improving traffic trends and potential sales growth ahead.According to The Fly, RBC Capital lowered its price target on Chipotle to $40 from $45 while maintaining an ‘…