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Stock Market & Financial Investment News

News Breaks
January 24, 2014
13:32 EDTCMGOppenheimer, Wedbush offer contrasting takes on Chipotle
Two research firms had very different outlooks on casual dining company Chipotle (CMG) in separate notes to investors issued earlier today. BULLISH TAKE: Chipotle can take many steps, including implementing price increases, to raise its revenue, Oppenheimer analyst Brian Bittner wrote. The company's comparable sales and margins can rise significantly and its momentum is strong, making its current valuation attractive, added the analyst. He initiated coverage of the stock with a $625 price target and Outperform rating. BEARISH TAKE: Less upbeat on Chipotle was Wedbush analyst Nick Satyan. He downgraded the stock, as he believes that the shares already reflect a high likelihood that the company will report stronger than expected results this year. Although Chipotle is poised to benefit from a price increase in the middle of this year and its new catering business, these factors are already "largely understood," wrote Satyan. He downgraded the shares to Neutral from Outperform and kept a $510 price target on the stock. WHAT'S NOTABLE: Chipotle is slated to report its fourth quarter results after the market closes on January 30. PRICE ACTION: In early afternoon trading, Chipotle fell $8.52, or 1.7%, to $494.93.
News For CMG From The Last 14 Days
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September 1, 2015
09:02 EDTCMGChipotle announces partnership with Tapingo
Chipotle Mexican Grill announced a new partnership with Tapingo, a mobile commerce app that saves college students time by providing food pickup and delivery, Chipotle will be available for delivery through Tapingo at 40 college campuses nationwide this fall, and at more than 100 campuses by spring 2016.
August 31, 2015
18:14 EDTCMGChipotle accused of false advertising over GMO-free menu claims, Reuters says
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August 24, 2015
09:03 EDTCMGChipotle price target raised to $740 from $620 at Wedbush
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09:00 EDTCMGChipotle to hire 4,000 people on a single day on September 9
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06:36 EDTCMGChipotle to hire 4,000 employees in one day next month, WSJ reports
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August 19, 2015
10:00 EDTCMGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
August 18, 2015
18:52 EDTCMGChipotle initiated with a Hold at Maxim
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06:16 EDTCMGFast food chains making new push with more fresh ingredients, WSJ says
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