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Sweetgreen initiated with an Overweight at Wells Fargo

Wells Fargo analyst Anthony Trainor initiated coverage of Sweetgreen (SG) with an Overweight rating and $19 price target Despite current challenges, the firm likes the second half of the year setup, as headwinds pass, comparable sales improve and focus returns to multi-year fundamental improvement story driven by Infinite Kitchens, faster throughput and better operations.

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