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Why Chipotle Stock Topped the Market Today
The Motley Fool·
Chipotle stock surged nearly 4% on Monday following announcements of its first-ever expansion into Mexico and a bullish analyst price target increase. The company will open its first Mexican location in San Pedro Garza García, Nuevo León on July 16 through a partnership with Alsea, Mexico's top restaurant franchisee, with plans to expand to Mexico City in 2027. Mizuho analyst Nick Setyan also raised his price target by $1 to $41 with an outperform rating.
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