Analysts Are Becoming Increasingly Bullish on Chipotle

It's a good time to be an investor in Chipotle Mexican Grill (NYSE: CMG). The fast-casual maker of Mexican fare hit new all-time highs after reporting second quarter earnings that blew past expectations. In the wake of that blowout financial report, analysts have been quick to revise their price targets and upgrade Chipotle.

For the second time this week, Chipotle has earned good reviews from an analyst, with both concluding that Chipotle stock is headed significantly higher. Let's take a look at their rationale to see if investors should climb aboard.

Image source: Chipotle.

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