Wedbush Turns Bearish On Chipotle, Says Risks Are Underappreciated

Posted by Jayson Derrick

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Chipotle Mexican Grill, Inc. CEO Brian Niccol has made his turnaround plan clear to the investment community, but Wedbush isn’t optimistic on the outlook due to what it said are underappreciated risks.

Wedbush’s Nick Setyan downgraded Chipotle Mexican Grill from Neutral to Underperform with a price target lowered from $450 to $445…. CLICK for complete article

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