Chipotle Stock Rises After Morgan Stanley Turns Bullish Key Takeaways Chipotle stock outperformed the broader market, rising nearly 2% in recent trading Monday.Morgan Stanley analysts raised their price target for the chain,

Investors should look past near-term headwinds and buy the stock of Chipotle Mexican Grill (CMG), says investment bank Morgan Stanley

After being a strong performer the past few years, shares of Chipotle Mexican Grill ( CMG -2.51%) have gone from being hot to mild over the past year. The stock is down more than 12% year to date and is about break-even over the past year, as of this writing.

Shares of restaurant chain Chipotle have 26% upside, according to Morgan Stanley, which upgraded the stock to Overweight from Equal Weight.

We believe that Chipotle Mexican Grill continues to execute well in a challenging macroeconomic environment. Read why we remain bullish on CMG stock.