CMG Stifel reiterates its cautious view on Chipotle Stifel analyst Paul Westra reiterates his cautious view of Hold rated Chipotle after the company announced a negative Q4 business update following the recent E.coli incidents. Westra recommends against new-money purchases of Chipotle given the lack of visibility into a sales recovery and updates his fair-value estimate to $480 per share. :thefly