Morgan Stanley Maintains Underweight on Sweetgreen, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Harbour has maintained an Underweight rating on Sweetgreen (NYSE:SG) but raised the price target from $10 to $11.
March 01, 2024 | 4:29 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Sweetgreen but increases the price target from $10 to $11.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor perception, potentially leading to short-term price fluctuations. However, the continuation of the Underweight rating suggests ongoing concerns about the company's performance, which might temper any positive reaction to the increased price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100