Chipotle Shares Deemed Overvalued and 4 Stock Analyses to Note
By Leah Powell | More Articles
January 03, 2013
Unitedhealth Group, Inc. (NYSE:UNH): The Managed Care sector has been downgraded by Deutsche Bank to Neutral from Positive due to increased underwriting risks and a lack of catalysts. UnitedHealth and Wellpoint (NYSE:WLP) shares were downgraded to Hold from Buy, and the firm upgraded Health Net (NYSE:HNT) shares to Hold from Sell and kept a Buy rating on Aetna (NYSE:AET) shares, which is its top pick in the space.
Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are seen by Jefferies as being overvalued currently, and the firm keeps its Underperform rating and a $215 price target on the stock. The firm believes that there is risk to Chipotle’s same-store-sales and earnings when considering the lack of new product news along with more competitive pressures.
So the manipulator is trying to keep the stock below $300. He's wrong! Not only does the chart say buy, it's a growth company in the early stages and you're a fool. Why would you want to be picking shorts in an up market?