Key facts
- Morgan Stanley downgraded Chipotle's stock rating.
- The downgrade is due to concerns about Chipotle's growth outlook.
- An analyst claims SpaceX's projected $1.75 trillion IPO overvalues the company by more than 50%.
Morgan Stanley has downgraded Chipotle's stock rating, citing concerns about the company's growth outlook. The firm's decision reflects a revised perspective on Chipotle's future expansion capabilities. Separately, a Wall Street analyst has claimed that SpaceX's projected $1.75 trillion IPO overvalues the company by more than 50%, suggesting the valuation is significantly higher than its perceived market worth.