Chipotle Mexican Grill, Inc. (CMG) is experiencing a pre-market boost following a positive update from Truist. On December 4, 2024, Truist raised its price target for Chipotle after identifying the start of price increases at the restaurant chain. This development suggests that Chipotle is implementing strategic pricing adjustments, which could potentially enhance its revenue and profit margins.
The current price of Chipotle's stock is $62.30, reflecting a 2.23% increase from the previous close of $60.94.