Chipotle Mexican Grill (CMG) shares fell 5.2% in afternoon trading on Wednesday after TD Cowen downgraded the company's stock to hold from in-line.
Wells Fargo also lowered the price target on the stock to $40 from $45, while Deutsche Bank reduced its price target to $45 from $51.
Trading volume stood at more than 17 million shares against a daily average of around 17.7 million.
Price: 28.11, Change: -1.55, Percent Change: -5.21
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