Oppenheimer lowered the firm’s price target on Sweetgreen (SG) to $10 from $18 and keeps an Outperform rating on the shares. A reduction to 2025 financial guidance was anticipated, but the reset was out-sized given worsening same-store sales trends into Q4.
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Read More on SG:
- Sweetgreen downgraded to Sell from Neutral at Goldman Sachs
- Sweetgreen price target lowered to $7.75 from $9.50 at BofA
- Sweetgreen price target lowered to $9 from $12 at Piper Sandler
- Sweetgreen’s Strategic Adjustments Amidst Financial Challenges: A Hold Rating Perspective
- Sweetgreen price target lowered to $5 from $8 at Barclays