Chipotle, Concur Tech and Dell Achieve New 52-Week Stock Price Highs

Chipotle Mexican Grille (NYSE:CMG): Baird raised its price target on Chipotle Mexican Grill following mixed Q4 results. The firm cited the company’s strong top-line trends and improving pricing and cost trends. Shares are Outperform rated. The shares closed at $362.82, down $7.59 or 2.05% on the day. They have traded in a 52-week range of $228.35 to $371.62.

Concur Technologies (NASDAQ:CNQR): Baird raised its price target on Concur following Q1 results citing robust demand, improved hiring trends which could drive revenue growth, and conservative guidance. Shares are Outperform rated. The shares closed at $58.74, up $4.7 or 8.7% on the day. They have traded in a 52-week range of $34.30 to $58.19.

Dell Inc. (NASDAQ:DELL): With the recovery of the hard drive industry and release of Windows 8 in Q3, notebook shipments are expected to rise significantly in 2H12, perhaps hitting shipment proportions of 40% and 60% between the first and second halves, according to Digitimes. The shares closed at $17.60, up $0.2 or 1.15% on the day. They have traded in a 52-week range of $13.29 to $17.65.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com