May 17 (Reuters) -
* PERSHING SQUARE'S WILLIAM ACKMAN IN LETTER TO SHAREHOLDERS - "BELIEVE THAT CHIPOTLE IS IN THE EARLY INNINGS OF ITS TRANSFORMATION"
* PERSHING SQUARE'S ACKMAN IN LETTER TO SHAREHOLDERS - CHIPOTLE MANAGEMENT "SHOULD DRIVE SUPERLATIVE GROWTH IN SALES AND PROFITS FOR YEARS TO COME"
* PERSHING SQUARE'S ACKMAN IN LETTER TO SHAREHOLDERS - BELIEVE LOWE'S "SHARES HAVE THE POTENTIAL TO APPRECIATE SIGNIFICANTLY"
* PERSHING SQUARE'S ACKMAN SAYS CONTINUE TO BELIEVE ADP (NASDAQ:ADP) HAS OPPORTUNITY TO ACCELERATE TOP-LINE REVENUE GROWTH, EXPAND MARGINS
* PERSHING SQUARE'S ACKMAN SAYS OPPORTUNITY TO ACCELERATE TOP-LINE REVENUE GROWTH, MARGINS, SHOULD ALLOW ADP TO COMPOUND EARNINGS AT MID-TO-HIGH-TEENS GROWTH RATE IN FUTURE
* PERSHING SQUARE'S ACKMAN - BELIEVE UTX'S UPCOMING BUSINESS SEPARATION WILL SERVE AS "CATALYST FOR SIGNIFICANT FUTURE SHARE PRICE APPRECIATION"
* PERSHING SQUARE'S ACKMAN - "CONTINUE TO BELIEVE THAT HHC TRADES AT A LARGE DISCOUNT TO ITS UNDERLYING NAV PER SHARE"
* PERSHING SQUARE'S ACKMAN SAYS BELIEVES THAT TIM HORTONS' SAME-STORE SALES GROWTH TO BENEFIT FROM RESTAURANT BRAND'S RECENTLY IMPLEMENTED LOYALTY PROGRAM
* PERSHING SQUARE'S ACKMAN - DURING THE FIRST QUARTER, EXITED INVESTMENT IN PLATFORM SPECIALTY PRODUCTS CORPORATION.