'Restaurants is a rare sector in the market that doesn't yet face Amazon encroachment — digital is helping to drive growth and profits,' Goldman said.
Goldman Sachs initiated coverage of 11 restaurant stocks including Chipotle, which it gave a"buy" rating and $1,000 price target. Chipotle rose nearly 3% on the news. Goldman analysts wrote that now is a critical time for restaurant stocks, which have outperformed the S&P 500 in the last 12 months. Watch Chipotle trade live on Markets Insider. Chipotle is Goldman Sachs' favorite fast-food restaurant.
Goldman Sachs initiated coverage of 11 restaurant stocks including Chipotle, which it gave a"buy" rating and $1,000 price target. Chipotle rose nearly 3% on the news. Goldman analysts wrote that now is a critical time for restaurant stocks, which have outperformed the S&P 500 in the last 12 months. Watch Chipotle trade live on Markets Insider. Chipotle is Goldman Sachs' favorite fast-food restaurant.
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