Bernstein Reiterates ‘Outperform’ Rating on Chipotle Mexican Grill (CMG), Reduces PT from $50 to $40

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On January 5, 2026, Chipotle Mexican Grill, Inc. (NYSE:CMG) was revisited by Bernstein, with the steadfast reiterating its “Outperform” standing but reducing its terms people from $50 to $40. This comes amid the firm’s cautious near-term presumption connected U.S. edifice traffic. The steadfast says it is entering 2026 with a much realistic stance. It expects immoderate betterment successful user request to beryllium gradual pursuing aggregate assurance shocks successful 2025. Last twelvemonth was marked by macro and tariff uncertainty, DOGE-imposed national cuts, tighter migration policies affecting the Hispanic population, and the longest U.S. authorities shutdown connected record. The steadfast does not expect a drastic rebound successful discretionary spending. However, it highlighted imaginable catalysts emerging successful outpouring 2026, including the transition of a caller Tax Bill and request surge driven by the upcoming Soccer World Cup successful the U.S. The shot lawsuit with a planetary assemblage is expected to assistance enactment postulation and income momentum.

Meanwhile, a much tactical position was shared by Mizuho connected January 2, 2026. While raising its terms from $34 to $36 and reiterating a “Neutral” rating, the steadfast said Chipotle Mexican Grill, Inc. (NYSE:CMG) is “appropriately” leaning into pricing and promotions to thrust transaction growth. Although this strategy lowers hazard to Q4 same-store income growth, it heightens unit connected restaurant-level margins. According to the firm, the stock’s existent valuation correctly reflects the company’s latest semipermanent EBITDA maturation outlook of mid-teens.

Chipotle Mexican Grill, Inc. (NYSE:CMG) operates a fast-casual edifice level specializing successful burritos, burrito bowls, quesadillas, tacos, and salads.

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