UBS Keeps Buy on Chipotle at $45, Cites Margin Squeeze Through 2026
UBS reiterated a Buy rating on Chipotle Mexican Grill with a $45.00 price target, warning of margin pressure in the fourth quarter and into 2026. The bank's forecasts project narrower restaurant margins driven by subdued sales, rising beef costs and stepped-up marketing investment, partially offset by operational efficiencies. Other firms including…