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
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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.
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