Morgan Stanley, Truist, Stephens Cut Chipotle (CMG) PT Due to Expected Soft Q3 2025 Performance

Chipotle Mexican Grill Inc. (NYSE:CMG) is one of the best high volume stocks to buy according to Wall Street analysts. On October 15, Morgan Stanley analyst Brian Harbour lowered the firm’s price target on Chipotle to $59 from $65 and maintained an Overweight rating on the shares. Harbour anticipated a softer Q3 2025 and reduced the firm’s Q3 and H2 estimates for the year.

The analyst also expects fiscal year same-store sales to be negative instead of the about flat prior guidance. A day prior, on October 14, Truist analyst Jake Bartlett also lowered the firm’s price target on the company to $53 from $60 and kept a Buy rating on the shares as part of a broader research note previewing a boring Q3 2025 among Restaurant names.

Morgan Stanley, Truist, Stephens Cut Chipotle (CMG) PT Due to Expected Soft Q3 2025 Performance

Additionally, Stephens analyst Jim Salera lowered the price target on Chipotle to $48 from $60 with an Equal Weight rating on the shares on October 13. The firm is revising estimates and price targets among its restaurant coverage as part of its Q3 preview for the group.

Chipotle Mexican Grill Inc. (NYSE:CMG), together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants.

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Disclosure: None. This article is originally published at Insider Monkey.