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Barchart
Wajeeh Khan

This Analyst Just Upgraded Chipotle Stock. Here's Why.

Chipotle CMG JPM JPMorgan

Chipotle (CMG) shares have inched higher in recent sessions after JPMorgan’s senior analyst John Ivankoe issued a bullish note in favor of the fast-casual restaurant chain.

Ivankoe upgraded CMG to “Overweight” and announced a new $35 price objective, which signals potential upside of nearly 20% from current levels.

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