BofA Lowers Chipotle (CMG) PT to $61, Maintains Buy Rating Despite Restaurant Stock Headwinds

Chipotle Mexican Grill Inc. (NYSE:CMG) is one of the most buzzing stocks to buy with huge upside potential. On October 24, Bank of America lowered the firm’s price target on Chipotle to $61 from $64 and kept a Buy rating on the shares. Following a Q2 2025 earnings season that disappointed investors, the firm believes that enthusiasm for restaurant stocks is currently decidedly absent.

This caution has increased due to the widening of macroeconomic pressures beyond just the low-income consumer group. Bank of America believes that for restaurant stocks currently trading at the low end of their historical valuation ranges, the market is expected to respond favorably to any signs that their earnings remain intact.

Chipotle Mexican Grill Inc. (NYSE:CMG), together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants.

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Disclosure: None. This article is originally published at Insider Monkey.