UPDATE: Deutsche Bank Reiterates on Chipotle Mexican Grill on 2014 Restaurants Outlook
December 18, 2013 at 10:35 AM EST
In a report published Wednesday, Deutsche Bank analyst Jason West reiterated a Hold rating on Chipotle Mexican Grill (NYSE: CMG ), and raised the price target from $440.00 to $500.00. In the report, Deutsche Bank noted, “After a year of surprisingly strong stock performance against sluggish fundamentals, our biggest concern