📰 Chipotle stock lands at a key support as top analyst slashes target: is it a buy?
Chipotle Mexican Grill stock continued its strong downward trend as analysts remained concerned about its slowing growth. CMG dropped to $28.15, its lowest level since June 4, and 32% below the year-to-date high. Focus now shifts to the upcoming earnings report, which may shed insights on its business. A top Chipotle Mexican Grill bull has given up Top analysts have lowered their estimates of Chipotle Mexican Grill, citing its slow revenue and profitability growth. Andrew Charles, a TD Cowen analyst who has long maintained a bullish outlook for the stock, has downgraded his recommendation and target. He lowered his target from $44 to $32, the lowest target among analysts. He also noted that the stock may drop to as low…
Source : Invezz
Time : 2026-10-23 12:35:00
Credit : crispus nyaga
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