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Morgan Stanley, Truist, Stephens Cut Chipotle (CMG) PT Due to Expected Soft Q3 2025 Performance
Yahoo Financeยท 2025-10-17 14:00
Group 1 - Chipotle Mexican Grill Inc. is considered a high volume stock to buy by Wall Street analysts, despite recent price target reductions [1][2][3] - Morgan Stanley analyst Brian Harbour lowered the price target to $59 from $65, anticipating a softer Q3 2025 and reducing estimates for Q3 and H2 [1] - Truist analyst Jake Bartlett also lowered the price target to $53 from $60, maintaining a Buy rating, and expects negative same-store sales for the fiscal year [2][3] - Stephens analyst Jim Salera reduced the price target to $48 from $60 with an Equal Weight rating, revising estimates as part of a broader Q3 preview for the restaurant sector [3]