By Market News Video Staff, Tuesday, November 23, 2:17 PM ET
Argus hiked its price target on Chipotle Mexican Grill (NYSE:CMG) today.
Argus, which rates the stock a buy, hiked its price target from $238 per share all the way up to $270 per share.
Argus said it expects solid growth from the company, with prospects for strong margins and carefully managed labor costs.
Chipotle shares are trading down 0.4% Tuesday.
At 3.83% of the portfolio, the stock is one of the top ten holdings in the Dynamic Food & Beverage Portfolio (AMEX:PBJ).
Starbucks (NASDAQ:SBUX) is the top stock in the fund, at 5.85% of the holdings, followed by Coca-cola Enterprises (NYSE:CCE), at 5.73% of the fund. Yum!Brands (NYSE:YUM) is 5.38% of the portfolio, followed by Coca-Cola (KO) and Kroger (KR).
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