Analysts have been eager to weigh in on the Services sector with new ratings on Chipotle (CMG) and United Parcel (UPS).
Chipotle (CMG)
UBS analyst Dennis Geiger maintained a Sell rating on Chipotle today and set a price target of $690.00. The company’s shares closed last Monday at $789.97, close to its 52-week high of $857.90.
According to TipRanks.com, Geiger is a 2-star analyst with an average return of 0.8% and a 55.8% success rate. Geiger covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and McDonald’s Corp.
Currently, the analyst consensus on Chipotle is a Moderate Buy with an average price target of $813.38, which is a -0.1% downside from current levels. In a report released today, BMO Capital also maintained a Sell rating on the stock with a $650.00 price target.
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United Parcel (UPS)
In a report released today, Thomas Wadewitz from UBS maintained a Buy rating on United Parcel, with a price target of $136.00. The company’s shares closed last Monday at $114.98.
According to TipRanks.com, Wadewitz is a 3-star analyst with an average return of 3.0% and a 54.1% success rate. Wadewitz covers the Services sector, focusing on stocks such as Expeditors International, Schneider National Inc, and Echo Global Logistics.
United Parcel has an analyst consensus of Moderate Buy, with a price target consensus of $127.18, representing a 10.2% upside. In a report released yesterday, Berenberg Bank also maintained a Buy rating on the stock with a $130.00 price target.
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