Morgan Stanley analyst Brian Harbour lowered the firm’s price target on Sweetgreen (SG) to $13 from $17 and keeps an Equal Weight rating on the shares. Expectations had been moderating, but the firm thinks guidance being cut “materially” will weigh on the stock, the analyst tells investors. With a number of changes in progress, in-store execution will be “a show-me story,” so the firm remains sidelined, the analyst added.
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