JP Morgan Maintains Overweight on Sweetgreen, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe has maintained an Overweight rating on Sweetgreen (NYSE:SG) but lowered the price target from $14 to $13.

November 08, 2023 | 8:43 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on Sweetgreen but lowered the price target from $14 to $13.
The news is directly related to Sweetgreen (SG). While the Overweight rating suggests that JP Morgan expects the stock to outperform, the lowering of the price target may indicate a slightly less optimistic outlook. This could potentially lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100