Chipotle Mexican Grill (NYSE:CMG) Stock Price Target Cut by Wells Fargo & Company

Chipotle Falls 5% as TD Cowen Downgrades, Cuts Target to $32; McDonald's and Yum! Brands Slip

TD Cowen just yanked its Buy rating on Chipotle as food-safety concerns pile up alongside slowing traffic, leaving investors to wonder whether the burrito chain's promised green shoots can survive the scrutiny of its next earnings report.

Chipotle Mexican Grill (NYSE:CMG) Stock Price Target Cut by Wells Fargo & Company

Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday.

Chipotle Shares End 5.3% Lower With Results Due Oct. 28

The stock closed at $28.09 on Oct. 21. Chipotle plans to release third-quarter results at about 4:10 p.m. ET (20:10 UTC) and hold a conference call at 4:30 p.m. ET (20:30 UTC).