Chipotle earnings preview: Avocado prices are moderating and sales of carne asada are strong

Tonya Garcia
Chipotle earnings preview: Avocado prices are moderating and sales of carne asada are strong

Chipotle Mexican Grill Inc. is scheduled to announce its third-quarter earnings on Tuesday and analysts think avocados and carne asada will give the results a boost. Bank of America Merrill Lynch upgraded Chipotle (CMG)  stock to neutral from underperform based on more favorable avocado pricing, as well as improved digital platforms that should aid sales. Analysts moved their price target to $850 from $590.