Cowen raises price target on Chipotle to Street high, says digital sales growth will boost margins

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Jesse Pound@/in/jesse-pound@jesserpound
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A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021.
David Paul Morris | Bloomberg | Getty Images

The market is underestimating Chipotle's potential profit margins, creating major upside for the stock, according to investment firm Cowen.