BNP Paribas Exane Initiates Coverage on Chipotle Mexican Grill (NYSE:CMG)

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BNP Paribas Exane has initiated coverage on Chipotle Mexican Grill (NYSE:CMG) with a “neutral” rating and a $37 price target, suggesting a 19.9% upside. This target is considerably lower than the broader analyst consensus of $47.13. Chipotle recently exceeded quarterly earnings and revenue estimates, with its stock trading near $30.85 and a market capitalization of $40.18 billion.

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