Setup News Ticker
Searching for 'set IPO'. (Return)

MarketWatch MarketPulseJan 27, 2020
Chipotle upgraded as analysts think think 'strong' earnings will persist for years
Chipotle Mexican Grill Inc. was upgraded to neutral from sell at UBS on analyst forecasts that the company will report "strong" earnings and sales over the next two years. UBS' price target leaped to $900 from $690. Chipotle has an average price target of $890.52, according to 35 analysts polled by FactSet. "Results significantly exceeded our expectations in recent quarters as we underestimated customer demand and the strength of a traffic recovery, including benefits from digital and delivery," UBS wrote. "And our more recent concerns around valuation were misguided given the strength and sustainability of results and scarcity of idiosyncratic sector growth opportunities." UBS said they didn't move the stock to buy because that would require "sizable" earnings beats. Chipotle was upgraded at Oppenheimer just a couple of weeks ago. And SunTrust Robinson Humphrey analysts say they're confident that Chipotle's menu innovation will give 2020 a boost. Chipotle stock is down 1.1% in Monday premarket trading but up 60% over the last year. The S&P 500 index has gained 23.7% for the past 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

coronavirusChina fears Stocks Market stock
Stocksfears virus Coronavirus China oil
Fearsvirus coronavirus China oil stocks
Chinavirus coronavirus fears toll death
marketCoronavirus stock fears Oil China
Viruscoronavirus China fears stocks oil
stockCoronavirus fears virus market China
BryantKobe Helicopter Crash CNN killed
Oilfears virus China stocks coronavirus
KobeBryant Helicopter Crash CNN killed

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC