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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Chipotle illness outbreaks cost it three years of earnings, but there is hope

Chipotle has been offering promotions to bring in customers.

Chipotle Mexican Grill Inc.’s food safety crisis cost the company three full years of earnings growth, according to J.P. Morgan analysts.

But although same-store sales aren’t expected to show meaningful growth until fiscal year 2018, the analysts said the trend could start improving at the end of this year. In addition, they said the current stock price represents an “attractive risk/reward entry point” for investors, prompting them to upgrade Chipotle CMG, +0.01% to overweight from neutral Thursday and raise their price target to $510 from...


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