Chipotle's Softening Sales Force Analyst to Throw in the Towel
FROM THE WIRE · FINANCE.YAHOO.COM
(Bloomberg) -- A long-standing Chipotle Mexican Grill Inc. bull has moved to the sidelines, citing concern that a slow start to the fourth quarter suggests softer sales for the year ahead. Most Read from Bloomberg Electronic Arts to Shed 400 Jobs, Shut Down BioWare to Cut Costs…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAn analyst downgrade ahead of earnings can weigh on the stock's sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01TD Cowen lowered its rating on Chipotle to hold from buy.
- 02The 12-month price target was cut to $32 from $44.
- 03The analyst expects softer sales for the year after a slow start to the fourth quarter.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets