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Sweetgreen downgraded to Equal Weight from Overweight at Wells Fargo

Wells Fargo downgraded Sweetgreen (SG) to Equal Weight from Overweight with a $7 price target The firm sees the company’s fundamentals remaining challenged in 2026. Sweetgreen continues to face fast casual headwinds as its pricing reset will likely drive negative EBITDA estimate revisions in 2026, the analyst tells investors in a research note.

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