GL!
Note
•Mizuho jumps into the debate on Chipotle (CMG +0.2%) in a new note today.•"As the bear thesis drifts towards restaurant margins and valuation on a depressed earnings power, we see upside opportunity. We're mindful that there's a common sequence for restaurant comp recoveries following major incidents, and investors may need to wait until 4Q17-1Q18 for a true litmus test," writes the analyst team.
•The firm rates CMG at Buy and assigns a price target of $533 to the restaurant stock. The 52-week high on Chipotle is $499.00.
Note
Looking for $520 after next earnings
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.