Wedbush analyst Nick Setyan expressed confidence in Chipotle Mexican Grill’s future despite the unexpected departure of CEO Brian Niccol, who is moving to Starbucks. Setyan upgraded Chipotle's stock to "outperform," citing the strong leadership of interim CEO Scott Boatwright and Jack Hartung’s continued role as president.
Setyan expects 6% same-store-sales growth for Q3 and highlighted positive trends, including declining avocado prices and flat pricing strategies. Chipotle shares fell 7.5% following the leadership change but saw a slight premarket increase. Setyan raised his price target for Chipotle shares from $54 to $58.
#BVCSHOP #CSE #Stablecoin #BlockchainVentureCapitalInc #VeritasMedia #ShopBVC #LatestTrends #HighQuality #UnbeatablePrices #FastShipping #OneStopShop #FashionDeals #ElectronicsSale #HomeGoods #ExclusiveDeals #ShopNow #OnlineShopping #Chipotle #StockUpgrade #CEOChange #Wedbush #BrianNiccol #Starbucks #BusinessTrends #Investing #CMG #StockMarket
Comments