Mizuho Serves Bullish CMG Upgrade, Concerns Still Pile on Chipotle's Plate

Take Chipotle's (CMG) latest upgrade with a grain of salt, says Alex Coffey. Mizuho turned bullish on the stock and issued a $40 price target. As Alex notes, Mizuho's upgrade notes headwinds that Chipotle needs to take off its plate before making a run back to all-time highs. Dan Deming offers an example options trade for the fast casual giant.

Morning Trade Live

20 Mar 2026

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