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Chipotle Mexican Grill (CMG.N)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-02-28	30.47	42.00	Buy
2022-07-19	26.85	38.00	Buy
2023-01-04	27.52	36.00	Buy
2023-04-19	36.10	41.00	Buy
2023-04-26	40.20	45.00	Buy
2023-07-18	43.06	49.40	Buy
2023-07-27	37.66	46.00	Buy
2024-01-02	44.90	54.00	Buy
2024-02-06	49.75	58.00	Buy
2024-04-10	59.31	68.00	Buy
2024-04-25	62.24	70.00	Buy
2025-04-16	48.08	65.00	Buy
2025-04-24	49.54	60.00	Buy

Disclosures

UBS Securities LLC makes a market in the securities and/or ADRs of this company.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.