Analysts Say Investors Should Buy the Dip in Chipotle Stock. Here's Why
Key TakeawaysThe dip Chipotle stock took Tuesday on the news that its CEO is leaving for Starbucks provides an opportunity to buy at an attractive price, analysts said.While CEO Brian Niccol's departure provides a near-term negative for the stock, analysts said Chipotle's recent sales momentum can lift the shares.Wedbush analysts upgraded Chipotle stock Wednesday and said the company can keep its market share gains despite a "more challenging macro backdrop." The 7.5% fall Chipotle (CMG) shares took Tuesday ...