Piper Sandler lowered the firm’s price target on Sweetgreen (SG) to $9 from $12 and keeps a Neutral rating on the shares following quarterly results. It was a challenging quarter from a top-line perspective, with Q3 same-store sales coming in at down 9.5%, which was below consensus of down 6.7%, the firm notes.
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Read More on SG:
- Sweetgreen’s Strategic Adjustments Amidst Financial Challenges: A Hold Rating Perspective
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