Notable Downgrades: Chipotle Mexican Grill (CMG), Zumiez, Inc. (ZUMZ), Navistar (NAV)

Shares of Chipotle Mexican Grill, Inc. (CMG) are up $1.16 to $612.73 in midday trading despite Wedbush lowering its 12-month base case estimate on the name by 45 points to $620 a share.

In the past 52 weeks, shares of CMG have traded between a low of $559.14 and a high of $727.97 and are now trading at $612.84. Shares are up 9.44% year-over-year ; down 10.66% year-to-date.

Analysts at ROTH Capital downgraded Zumiez, Inc. (ZUMZ) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Friday.

The target price for ZUMZ is lowered from $42 to $28, implying 43% expected downside from ticker’s current pps.

On valuation measures, Zumiez Inc. stock it’s trading at a forward P/E multiple of 11.41x, and at a multiple of 16.29x this year’s estimated earnings. The t-12-month revenue at Zumiez Inc. is $811.55 million. ZUMZ ‘s ROE for the same period is 12.43%.

Shares of the $706.57 million market cap company are up 6.67% year-over-year ; down 23.01% year-to-date.

Zumiez Inc., currently with a median Wall Street price target of $35.50 and a high target of $48.00, dropped $5.80 to $23.94 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Navistar International Corporation (NAV) was reiterated as ‘Neutral’ and the price target was lowered to $27 from $32 at UBS.

Shares have traded today between $23.57 and $24.86 with the price of the stock fluctuating between $23.57 to $40.17 over the last 52 weeks. NAV has lost $0.92 to $23.90 in mid-day trading on Friday, giving it a market cap of roughly $1.95 billion. The stock traded as high as $40.17 in September 9, 2014.

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