TD Cowen lowered the firm’s price target on Sweetgreen (SG) to $25 from $27 and keeps a Buy rating on the shares. Following sales improvement to the high end of guidance in March, sales precipitously declined in April following the announcement of tariffs that led Sweetgreen to reduce implied Q2-Q4 expectations. TD Cowen is pleased that despite 145% China tariffs, Infinite Kitchens remains accretive to cash-on-cash returns.
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Read More on SG:
- Sweetgreen price target lowered to $25 from $30 at RBC Capital
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