Morgan Stanley lowered the firm’s price target on Sweetgreen (SG) to $22 from $24 and keeps an Equal Weight rating on the shares. Q1 was “sluggish in absolute though a bit better than expected,” says the analyst, who adds that the fiscal year guide down reflects “a slower go currently.”
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Read More on SG:
- Sweetgreen price target lowered to $20 from $27 at Piper Sandler
- Sweetgreen Faces Challenges Amid Cautious Financial Outlook and Uncertain Customer Demand
- Sweetgreen’s Resilience and Growth Potential: A Buy Rating Amid Short-Term Challenges
- Sweetgreen Reports Modest Revenue Growth Amid Challenges
- Sweetgreen’s Strategic Initiatives and Financial Performance Justify Buy Rating Despite Challenges
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