Chipotle Mexican Grill (CMG)

Deutsche Bank upgraded Chipotle Mexican Grill Inc. from Hold to Buy.
Deutsche analyst said "We highlight 3 reasons for our upgrade: (1) leverage to an improving macro environment, which could drive upside to comps and EPS, (2) strong balance sheet and cash flow, and (3) reasonable valuation, particularly considering the lack of growth stories in the restaurant sector. We're raising our EPS ests. 2009E goes to $3.75 from $3.69. 2010E goes to $4.11 from $3.93.

Jan 11 · 3:35:00 PM · Source: StreetInsider.com
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by Rich Pike