Yahoo Finance Today’s Research Reports on Stocks to Watch: Chipotle Mexican Grill and Yum Brands
NEW YORK, NY / ACCESSWIRE / October 2, 2018 / Chipotle saw its shares fall into the red on a downgrade from Oppenheimer with analyst Brian Bittner writing that Wall Street is too optimistic over the company’s earnings trajectory. Shares of Yum! Brands hit a new high despite any news but Taco Bell, which the company operates, announced exciting news about its hottest sauce packet being available now as a tortilla chip for a limited time.
RDI Initiates Coverage on:
Chipotle Mexican Grill, Inc.
https://rdinvesting.com/news/?ticker=CMG
YUM! Brands, Inc.
https://rdinvesting.com/news/?ticker=YUM
Chipotle Mexican Grill, Inc. shares were down 1.66% on about 960,000 shares traded after it was revealed that Oppenheimer has downgraded the stock. Analyst Brian Bittner wrote, "We respect management's marketing, digital and new product strategies, but don't view them as transformative enough." According to the analyst, Wall Street is too optimistic about Chipotle's earnings trajectory. "The Street's margin expansion assumptions could be difficult to achieve without meaningful sales upside owing to labor headwinds, potential store-level investments and lack of menu-pricing upside," he wrote. The analyst lowered his rating from Perform to Underperform and gave it a new 12- to 18-month price target of $400.
Access RDI’s Chipotle Mexican Grill, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CMG
YUM! Brands, Inc. was down a modest 0.54% on Monday on about 2 million shares traded. The stock soared to a new high of $91.27 during intra-day trading despite no particular news. Yum Brands is the parent company of Taco Bell whose hottest sauce packet is now available as a tortilla chip. Taco Bell announced yesterday that its new, limited-edition Diablo Tortilla Chips are exclusively available at participating 7-Eleven stores nationwide until Oct. 31. After that, they will roll out to additional grocery and convenience stores through November. Marisa Thalberg, chief brand officer at Taco Bell, said in a statement, "The new Diablo Tortilla Chips build from that inspiration, letting us serve up our hottest chip yet that's completely unique to Taco Bell, from its dark and smoky packaging with saucy wisdoms, to the flavor of the chip itself."
Access RDI’s YUM! Brands, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=YUM
Our Actionable Research on Chipotle Mexican Grill, Inc. (NYSE: CMG) and YUM! Brands, Inc. (NYSE: YUM) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
