Morgan Stanley downgrades Chipotle, slashes price target on worries about foot traffic

[ad_1] Morgan Stanley has grown more cautious on fast-casual name Chipotle after its data showed waning foot traffic. The firm downgraded shares from overweight to equal weight and cut its price target to $1,664 from $1,847 in a Tuesday note. That represents about 9% upside from where shares currently trade. “In the near to medium … Read more