These Analysts Increase Their Forecasts On Chipotle After Strong Q2 Results
Chipotle Mexican Grill (NYSE:CMG) posted better-than-expected Q2 results with earnings of 33 cents per share and $3.35B in revenue, causing stock to rise 8.4%. Analysts have adjusted their price targets accordingly. Consider buying CMG.
Chipotle did better than people expected in the last few months, so experts who study the company think it might be worth more money now. When a company beats expectations, it's a signal that the business is running well—so watch if they keep doing this.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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