BofA analyst Katherine Griffin raised the firm’s price target on Sweetgreen to $18 from $16 and keeps a Buy rating on the shares. The firm updated its earnings power valuation analysis to reflect a higher terminal EV/EBITDA multiple as market multiples have expanded to arrive at an enterprise value of $5.2B, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SG:
