BUZZ-Chipotle climbs as Telsey initiates with "outperform"
Shares of Chipotle Mexican Grillrose 1.5% after Telsey Advisory Group initiated coverage with an "outperform" rating, citing favorable risk/reward. The brokerage set a price target of $50, with the stock currently at $39.70. Telsey expects a rebound in share price as same-store sales improve in Q2 2026, supported by menu changes and marketing efforts. Of 37 brokerages, 25 rate the stock as "buy" or "strong buy." Chipotle's stock is up nearly 7% YTD, compared to a 2% rise for the S&P 500, but remains 33% below its 52-week high.
Reuters·