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Chipotle Mexican Grill  (CMG) - Get Chipotle Mexican Grill, Inc. Report  was rising in premarket trading Tuesday after analysts at SunTrust raised their price target on the stock to $900 from $815 and maintained their buy rating on the stock. 

The price target represents a potential 9% upside from the stock's closing price Monday of $826.80. 

SunTrust analyst Jake Bartlett said he believes that the national rollout of the Mexican fast food chain's carne asada dish in mid-September will be a catalyst for ticket and traffic growth. 

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Bartlett also noted that the company's management referenced "terrific customer feedback" for the dish during its limited trial run during Chipotle's previous earnings call. 

The firm also raised its same-store sales estimates for fiscal 2019 and fiscal 2020 to 9.2% and 7%, from 8.7% and 6.5%, respectively. 

The stock rose 1.55% to $839.59 in trading Monday. Year to date, the stock has risen 95%.

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