Piper Sandler Downgrades Sweetgreen to Neutral, Announces $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Sweetgreen (NYSE:SG) from Overweight to Neutral, setting a price target of $39.
August 19, 2024 | 1:04 pm
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NEGATIVE IMPACT
Piper Sandler downgraded Sweetgreen from Overweight to Neutral, with a new price target of $39. This downgrade may indicate a less optimistic outlook on Sweetgreen's short-term performance.
The downgrade from Overweight to Neutral suggests that the analyst sees less potential for Sweetgreen's stock to outperform in the near term. The $39 price target provides a specific valuation expectation, which may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100