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Chipotle Loses a Bear as the Stock Keeps Moving Higher

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It’s hard to be a Chipotle Mexican Grill bear if people keep eating there.

That’s more or less the take in Wednesday’s report from Gordon Haskett analyst Jeff Farmer, who upgraded the stock from Underperform to Hold while setting a $740 price target, up from $620. That's still below FactSet’s $784 average. The stock was recently up 1.3% to $815.92 as the S&P 500 rose 0.7%.

The...