Should Investors Buy Chipotle Stock on the Analyst Upgrade?

Should Investors Buy Chipotle Stock on the Analyst Upgrade?

Chipotle (NYSE: CMG) initially moved higher in early Thursday trading before closing lower as a prominent analyst upgraded the consumer discretionary stock. At that time, investors were fleeing the sector as restaurants closed or scaled back operations. A few months later, Chipotle stock now trades near all-time highs.