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Enter Symbol:
Rating: CMG
Neutral $460

Chipotle Mexican Grill, Inc. (NYSE: CMG) downgraded to Neutral with price target $460 by UBS

Wednesday,  Jan 6, 2016  1:25 PM ET by Dave Ficere

UBS downgraded Chipotle Mexican Grill, Inc. (NYSE: CMG) to Neutral with price
target $460. Previously UBS rated Buy with price target $390 Chipotle Mexican Grill, Inc. (NYSE: CMG) on 04/15/2013, when the stock price was $344.51.

Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in 33 states throughout the United States, the District of Columbia and Ontario, Canada. It operates Mexican food restaurants serving burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operated 837 restaurants in 33 states throughout the United States, the District of Columbia, and Toronto, Canada as of December 31, 2008. Its restaurants serve a menu of tacos, burritos, salads and burrito bowls (a burrito without the tortilla), made using fresh ingredients. Chipotle categorizes its restaurants as either end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other. Of its restaurants in operation as of December 31, 2008, it had 180 free-standing units, 496 end-cap locations, 135 in-line locations and 26 other. The average restaurant size is about 2,600 square feet and seats about 60 people.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.



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