Why Chipotle (CMG) stock is trading lower today

Shares of mexican fast-food chain Chipotle (NYSE:CMG) fell 5.9% in the afternoon session after TD Cowen analyst Andrew Charles downgraded the company from Buy to Hold and cut the price target to $32 from $44. According to StreetInsider, Charles flagged “slowing sales” after alternative data showed a weak October start that threatens the fourth-quarter inflection he had expected over an easy year-over-year compare — even as Chipotle leans on menu innovation, new marketing, and Chipotle Rewards va