Chipotle Mexican Grill could benefit from growing interest in ESG investing. David Paul Morris/Bloomberg
Chipotle Mexican Grill stock rose some 60% in 2020, but the burrito chain’s rally isn’t over yet, according to RBC Capital.
Analyst Christopher Carril boosted his rating on Chipotle Mexican Grill (ticker: CMG) to Outperform from Market Perform, and lifted his price target to $1,650 from $1,320. He argues that the stock has legs because the company continues to expand when much of the broader restaurant industry is not.
Chipotle was up 1.4% to $1,415 in morning trading.
Carril is optimistic about the company’s same-restaurant sales. He is forecasting growth of 13% for 2021, above the 11% Wall Street expects, saying the chain can gain from continuing innovation with its menu, its ability to take market share from peers, and growth in online sales. He’s just as enthusiastic that Chipotle is reaccelerating opening new stores, saying it will lift nea
Couche-Tard said it has made a $19.66 billion offer to buy French hypermarket chain Carrefour, as large retailers come under pressure to transform their bricks-and-mortar footprint amid pandemic restrictions on shopping and disruption from tech giants.
What You Need to Know for Traveling in 2021
As the pandemic continues, many people are still planning major trips for later this year here are the factors to consider before booking For ski towns in the U.S., it’s feast or famine this season, with record growth in some businesses and shutdowns in others. To understand the impact of the pandemic, WSJ visited California’s Lake Tahoe region, which has the country s largest concentration of resorts. Photo: Lloyd Garden for The Wall Street Journal By Jan. 13, 2021 8:57 am ET
Like children making lists for Santa, anxious travelers are plotting vacations for the second half of 2021, hoping it will be safe to go by then. Many have already booked. Some are wondering if they’re already too late.
Jan. 13, 2021 6:35 am ET Target Corp. said Wednesday that winter holiday sales rose solidly as more shoppers bought goods online, adding to a series of strong results from the retailer during the Covid-19 pandemic.
Comparable sales, those from stores or digital channels operating for at least 12 months, rose 17% in November and December from a year earlier. Store-based sales increased 4.2%, while digital sales more than doubled during that period, driven by same-day online pickup and delivery orders, the company said.
“The momentum in our business continued in the holiday season with notable market share gains across our entire product portfolio,” Target Chief Executive Brian Cornell said in a statement. Target has invested heavily in recent years to expand its online business largely by sourcing online orders from stores’ shelves. Around 95% of Target sales in the period were sourced from stores, the company said.
Updated Jan. 13, 2021 4:08 pm ET Apple Inc. is launching several projects to extend education and funding opportunities to minority entrepreneurs, part of the $100 million pledge it made in June to help combat racism in response to the national outcry over the killing of George Floyd.
The iPhone maker on Wednesday said it would open a software-developer academy in Detroit later this year and launch two venture-funding initiatives for young “Black and Brown entrepreneurs,” with the goal of helping to build the next generation of diverse leaders.
“We are all accountable to the urgent work of building a more just, more equitable world,” Apple Chief Executive Tim Cook said. “And these new projects send a clear signal of Apple’s enduring commitment.”