Reported 3 days ago
Morgan Stanley, Truist, and Stephens have all reduced their price targets for Chipotle Mexican Grill Inc. (CMG) due to anticipated weak performance in Q3 2025. Morgan Stanley analyst Brian Harbour cut the target from $65 to $59 while maintaining an Overweight rating, indicating a softer outlook for same-store sales. Truist's Jake Bartlett lowered the target from $60 to $53 and affirmed a Buy rating, while Stephens' Jim Salera revised the target down to $48. Analysts are adjusting their forecasts as they predict a lackluster quarter across the restaurant sector.
Source: YAHOO