Can Niccol's Initiatives Reinvigorate Chipotle?
We think investors should walk away from
With the added visibility over near- and medium-term sales catalysts, we’re planning about a 10% increase to our $375 fair value estimate. While we think the market has appropriately priced in Chipotle's updated strategic vision, we would not be surprised to see market optimism keep the stock ahead of our fair value estimate over the foreseeable future.
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