Sweetgreen price target raised to $25 from $16 at Citi

Citi raised the firm’s price target on Sweetgreen to $25 from $16 and keeps a Neutral rating on the shares ahead of the Q1 report. The company goes into Q1 with the benefits of: Infinite Kitchen automation as a long-term driver of the business that requires little near-term proof-of-concept beyond high-level commentary, the analyst tells investors in a research note. The company also faces an easy compare, the firm adds.