JPMorgan Cuts Chipotle Price Target Amid Broader Analyst Revisions

Chipotle Mexican Grill (NYSE:CMG) has had its price target reduced by stock analysts at JPMorgan Chase & Co. from $40.00 to $37.00 in a recent research report.

The firm presently has an 'overweight' rating on the restaurant operator's stock, suggesting a potential upside of 16.64% from the current price of $31.72.

This move is part of a broader trend in analyst estimates, with various firms revising their targets for CMG over the past few months.