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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Read More on SG:
- TD Cowen downgrades Sweetgreen to Hold, lowers price target to $15
- Cautious Hold Rating on Sweetgreen Amidst SSS Concerns and Market Challenges
- Sweetgreen downgraded to Hold from Buy at TD Cowen
- Sweetgreen call volume above normal and directionally bullish
- Sweetgreen price target lowered to $16 from $20 at JPMorgan