These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. Walmart announced that it is partnering with leading financial-technology investment firm Ribbit Capital for the creation of a new fintech start-up. The venture will combine Walmart’s retail knowledge with Ribbit’s fintech expertise (with the company’s current portfolio including investment platform Robinhood, consumer technology platform Credit Karma, and innovative payment platform Affirm), for the purpose of developing and offering to customers modern, innovative, and affordable financial solutions.
Chipotle Mexican Grill (NYSE: CMG) today announced it is partnering with Shawn Mendes and the Shawn Mendes Foundation to launch "Wonder Grants" supporting young innovators in sustainability, as well as a "Shawn Mendes Bowl" on the Chipotle app and Chipotle.com for a limited time in the U.S. and Canada.
Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG ) more than tripled from 2020 lows, but the three catalysts ahead make the case for further appreciation in the stock, according to RBC. The Chipotle Analyst: Christopher Carril upgraded Chipotle's stock from Sector Perform to Outperform with a price target lifted from $1,320 to $1,650. The Chipotle Thesis: The case for upside in the stock are: Comp And Unit Growth: Chipotle could exceed the Street's estimates for 11% comp growth in 2021 due to new menu innovation, market share gains as the restaurant offers … Full story available on Benzinga.com