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Why Did Chipotle Mexican Grill Stock Drop Today?

TheMotleyFool

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Why Did Chipotle Mexican Grill Stock Drop Today?: https://g.foolcdn.com/editorial/images/859693/burrito-cut-in-half-amid-pile-of-garnish-and-tomatoes.jpg

Matt Curtis, a Wall Street analyst at DA Davidson, initiated coverage of Chipotle Mexican Grill (NYSE: CMG) stock with a buy rating and a $51 price target, reports TheFly.com today. The stock didn't react as you'd expect to the good news, however. It didn't go up.

Instead, it fell 3.6% through 11:30 a.m. ET Friday.

Why?

Source Fool.com