BUZZ-Chipotle climbs as Telsey initiates with "outperform"

-0.60% Pre

Chipotle Mexican Grill, Inc.

CMG

36.71

36.58

-0.60%

-0.35% Pre

** Shares of Chipotle Mexican Grill CMG.N rise 1.5% on Fri after Telsey Advisory Group initiates coverage with an "outperform" rating, citing favorable risk/reward following share weakness in past year

** Brokerage sets PT at $50; stock last at $39.70

** Telsey says share price should bounce back as same-store sales turn positive in the second qtr of 2026, cost pressures moderate and initiatives show results

** Brokerage highlights menu changes, loyalty program refresh and marketing push as key initiatives to reboot business in 2026

** Twenty-five of 37 brokerages rate the stock "buy" or "strong buy" and twelve rate it "hold", median PT is $44

** Stock up nearly 7% YTD versus near 2% rise for the S&P 500 .SPX; CMG is about 33% below its 52-week intraday high from Jan. 30, 2025

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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