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Chipotle Will Fall below $400
11 april 2016

The e.coli breakout damaged Chipotle's (CMG) brand. Though sales will eventually recover, it will not happen quickly. CMG is looking at massive giveaways, discounts, and marketing to erase the contamination problem that happened three months ago.

At  $450, the downward selling pressure persists. P/E is still north of 30. Price target: $400. 

Buy McDonald's instead, as even its stock is 26x and at a discount to CMG.

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Chipotle Will Fall below $400

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