Morgan Stanley analyst Brian Harbour raised the firm’s price target on Sweetgreen to $11 from $10 and keeps an Underweight rating on the shares. A “solid” Q4 overall is “likely supportive for shares for now,” though comparable store sales and margin upside and further Infinite Kitchen success will be needed to drive the stock from here, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SG: