Sweetgreen shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $13 to $19.
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has upgraded Sweetgreen's stock from Neutral to Overweight and raised its price target from $13 to $19, leading to a rise in the company's shares.
July 31, 2023 | 5:21 pm
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Sweetgreen's stock has been upgraded by Piper Sandler, with a raised price target, leading to a rise in share prices.
The upgrade from Piper Sandler, a well-known investment bank, is a positive signal for investors. The raised price target indicates an expected increase in the stock's value, which can lead to increased buying pressure and a rise in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100