BofA analyst Sara Senatore lowered the firm’s price target on Sweetgreen (SG) to $22 from $27 and keeps a Buy rating on the shares. The firm is fine-tuning estimates for 20-plus companies across its restaurant coverage and also adjusting selected price targets to reflect estimate and market multiple changes ahead of earnings from the group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SG:
- Sweetgreen price target raised to $17 from $16 at Barclays
- Sweetgreen price target lowered to $17 from $22 at Morgan Stanley
- Musk to launch new political party, Trump threatens BRICS tariff: Morning Buzz
- Sweetgreen falls after Bloomberg data shows Q2 sales drop
- Sweetgreen falls after Bloomberg sales data shows drop in Q2
