Sweetgreen price target raised to $11 from $10 at Morgan Stanley

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.