Jefferies raised the firm’s price target on Chipotle (CMG) to $62 from $56 and keeps a Hold rating on the shares. The firm views 2025 as “poised to be a largely normal year for Restaurants,” with a competitive landscape in value proposition, fighting for traffic share in a cautious consumer environment and “perhaps more separation” between relative winners and losers, the analyst tells investors in a Restaurants and Foodservice Distribution outlook note. In Restaurants, the analyst’s top pick is McDonald’s (MCD) and in Foodservice Distribution the firm’s top pick is Performance Food Group (PFGC), the analyst noted.
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Read More on CMG:
- Chipotle price target raised to $72 from $66 at Raymond James
- Baird’s Analyst Says Chipotle’s Price Hikes ‘Will Likely Be Digestible’
- Chipotle price target raised to $72 from $70 at Evercore ISI
- Chipotle Mexican Grill (NYSE:CMG) Raises Menu Prices
- Early notable gainers among liquid option names on December 4th
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
