U.S. Markets open in 7 hrs 45 mins

Goldman Sachs names Chipotle its favorite restaurant stock

On Monday, Goldman Sachs initiated coverage of Chipotle with a street-high price target of $1,000 and a bullish conviction buy rating, predicting digital sales will drive the next leg of the stock’s rally. The firm also started McDonald’s, Starbucks, Shake Shack and Wingstop with buy ratings as it initiated coverage of the restaurants sector. Jen Rogers, Andy Serwer and Akiko Fujita discuss.