Jan
11
Chipotle Outbreaks Send Wall Street Looking for Price Bottom
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Analysts slash estimates as foodborne-illness crisis grows
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One-time industry darling hammered by negative headlines
Wall Street is struggling to figure out if the worst is over for Chipotle Mexican Grill Inc.
The burrito chain, staggering from a foodborne-illness crisis entering its third month, has seen more than $10.7 billion in market value wiped out since August. After the company announced last week that it had been subpoenaed in a related criminal probe, analysts are scrambling to determine how low the stock will fall and whether the former industry darling can recover its luster…
Chipotle Outbreaks Send Wall Street Looking for Price Bottom
