Chipotle Mexican Grill Shares Fall After Analyst Downgrade, Price Target Cuts

02:15 PM EDT, 10/21/2026 (MT Newswires) -- 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