Chipotle Mexican Grill's (CMG) stock is at entry point with drivers of product, marketing, and throughput still "effective in delivering a decent 2025 and beyond," Morgan Stanley said Monday in a report.

"We've always appreciated Chipotle's strengths and think many are set to continue," countering some "choppy" demand trends, Morgan Stanley said. For the stock, "an opportunity to step in has presented itself if one thinks these are short term headwinds," the report said.

Chipotle "will likely be a leader in deploying automation at substantial scale, in a way that restrains costs, drives margins and throughput, and allows the company to be judicious with pricing, where it already has an edge," Morgan Stanley said.

Morgan Stanley upgraded Chipotle's stock to overweight from equalweight and raised its price target to $70 from $65.

Chipotle shares rose 1.5% in recent Monday trading. '

Price: 54.78, Change: +0.81, Percent Change: +1.50