UBS upgrades Chipotle to buy, says stock can jump 30% from here

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania.
Mark Makela | Reuters

Chipotle Mexican Grill should benefit from the economic reopening while also holding on to increased digital sales from the pandemic, UBS said Thursday in a note to clients.

Analyst Dennis Geiger upgraded the stock to buy from neutral, saying the casual dining chain should see growth pick up in the coming months.