Chipotle Mexican Grill reached an all-time high on Monday after Piper Jaffray upgraded its price target on the restaurant chain.
Piper Jaffray raised its price to $824 from $792, while reiterating its overweight rating on the company, according to Briefing.com.
Chipotle (NYSE:CMG) gained o.5% in midday trade to reach a high of $754.45. It hit an earlier high of $759.
It reports its second-quarter results on July 23.
Elsewhere in the sector, Yum! Brands (NYSE:YUM) gained 0.6%, while Jack In The Box (NASDAQ:JACK) slipped 0.6% and McDonald’s (NYSE:MCD) inched up 0.4%.
