UBS lowered the firm’s price target on Sweetgreen (SG) to $19 from $30 and keeps a Buy rating on the shares. UBS anticipates still-challenged Q2 same-store sales trends due to category and broader macro weakness, with a focus on an improved trajectory into 2026, the analyst tells investors in a research note. Sweetgreen maintains sales drivers to support an improvement in trends over the coming quarters and its store development algorithm of 15%-20% should remain intact, the firm says.
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