Analysts at Baird continue to be "highly optimistic" toward Chipotle Mexican Grill, Inc. 's outlook but aren't ready to recommend buying the stock yet. Baird's David Tarantino maintains a Neutral rating on Chipotle's stock with an unchanged $490 price target ahead of the company's second-quarter earnings report scheduled for July 25. While the analyst is positive on management's focus on improving the brand at the unit-level and improving sales and profitability, the stock's valuation needs to be taken into account.Read more