Wall Street Analysts Downgrade Chipotle, Upgrade Darden
Several Wall Street analysts have issued new ratings for major consumer stocks this week. Among the upgrades is Darden (DRI), which Baird raised to Outperform with a higher price target of $250 from Neutral at $220, citing strong execution and growth potential in casual dining. Chipotle was downgraded by Baird to Neutral from Outperform as well, with its price target reduced to $40 from $44. The firm cited slower margin recovery due to increased reinvestment needed for modest sales growth compared to historical performance. Other notable upgrades include Allegiant Travel and Celestica, while Domino's Pizza was also downgraded. The Fly compiled these top analyst calls as part of its ongoing coverage of market-moving research updates.
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