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Chipotle Hits Record High After Price Target Boost

Investing.com

Investing.com - Chipotle Mexican Grill reached an all-time high on Monday after Piper Jaffray upgraded its price target on the restaurant chain.

Piper Jaffray raised its price to $824 from $792, while reiterating its overweight rating on the company, according to Briefing.com.

Chipotle (NYSE:CMG) gained o.5% in midday trade to reach a high of $754.45. It hit an earlier high of $759.

It reports its second-quarter results on July 23.

Elsewhere in the sector, Yum! Brands (NYSE:YUM) gained 0.6%, while Jack In The Box (NASDAQ:JACK) slipped 0.6% and McDonald’s (NYSE:MCD) inched up 0.4%.

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