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Chipotle may be headed for a 'slippery slope' as stock drops

Lizzy Gurdus

It was an unsavory day for Chipotle CMG . The stock fell nearly 6% Thursday, to $667.12, after BMO Capital Markets downgraded the fast-casual chain, cutting its price target to $620 from $675 and saying higher pork prices due to global outbreaks of African swine fever could put pressure on margins. The action marked Chipotle's worst trading day in six months.