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Chipotle Stock Fell after Mizuho’s Downgrade

Chipotle Stock Fell after Mizuho’s Downgrade

On July 10, Mizuho Securities downgraded Chipotle Mexican Grill (CMG) from “neutral” to “underperform.” Following the downgrade, Chipotle’s stock price fell. By the end of the day, Chipotle was trading at $454.21—a fall of 2.1% from the previous day’s closing price.