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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Here’s Why Maxim Upgraded Chipotle Mexican Grill, Inc. (CMG) Shares

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares tumbled nearly 5% in Tuesday's trading session, following the news that the fast-food chain temporarily closed a restaurant in Virginia after multiple reports of customers falling severely ill after eating there.

However, Maxim analyst Stephen Anderson upgraded CMG from Hold to Buy, while raising the price target to $470 (from $440). The reason? The analyst believes the recent pullback in CMG shares, along with the potential for upside from queso (a Mexican cheese dip), provide an opportunity for investors to begin paring back their positions. (To watch...


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