Morgan Stanley Adjusts Chipotle's Stock Price Target Following Earnings Report
Morgan Stanley lowered Chipotle Mexican Grill's price target from $50 to $49 amid concerns about future growth and pressured margins, despite a 7.4% rise in Q1 sales. The adjustment reflects a more cautious outlook on Chipotle's ability to sustain growth in a challenging consumer environment.
Tickers: $CMG
Topics: Chipotle Mexican Grill Earnings Morgan Stanley Restaurant Industry Stock Forecast