Is Chipotle Stock Going to $69? 1 Wall Street Analyst Thinks So.

Long a popular stock in the restaurant sector, Chipotle Mexican Grill (NYSE: CMG) still has quite some room to run, according to one analyst at a major U.S. bank. Towards the end of January, the prognosticator lowered his price target on the shares, but he maintained his buy recommendation. Let's pick apart that move a little.That modification, from Citigroup's Jon Tower, was only a slight one. Tower shaved $1 off his existing fair value assessment to land at $69 per share for Chipotle. At this level for the analyst, the stock remains a buy. According to reports, in his update on the stock Tower wrote that investors have become concerned with potential erosion in comparable-restaurant sales recently. Apparently, many of these fears are based on the recent rounds of adverse weather in certain parts of this country.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool