Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst.
Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800.
“We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in…
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