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Chipotle Mexican Grill Inc.’s stock rose Monday after the restaurant chain picked up a fresh upgrade from Morgan Stanley and the company’s chief executive reiterated comments about managing the impact of trade tariffs on avocados as well as other costs.
Chipotle’s stock
CMG moved up by about 2.1% after Chief Executive Scott Boatwright stuck to the company’s forecast of a 60-basis-point impact on its cost of sales if President Donald Trump’s tariffs on Mexico, Canada and China go into effect, in an interview with NBC News.
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