Analysts: Chipotle’s Position Is Dominant and 3 More Research Notes to Look Through
Chipotle (NYSE:CMG): Sterne Agee believes that Chipotle’s position within the fast casual market is dominant and that it has more pricing power than competitors. The firm predicts that Chipotle should get a lift from the launch of its catering business, and it keeps a Buy rating on the stock with a price target of $507, up from $429.
Angie’s List (NASDAQ:ANGI): Canaccord believes that the recent selloff in shares of Angie’s List is likely an overreaction and views the risk/reward profile on the name as good heading into the company’s quarterly results. The firm thinks a mostly in-line quarter would help the stock regain some lost ground but keeps a Hold rating on Angie’s List.
Noble Corp. (NYSE:NBL): BMO Capital has downgraded the offshore drilling group to Underperform from Market Perform, as the firm continues to expect industry earnings to slide due to lack of catalysts. BMO downgraded Noble due to relative valuation and lowered its price target on Noble to $40 from $47.
Best Buy (NYSE:BBY): Stifel has raised its price target for Best Buy to $48 from $40, citing better industry trends and execution. The firm keeps a Buy rating on Best Buy stock.
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