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Sweetgreen Stock Tumbles Amid Market Caution
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Sweetgreen Stock Tumbles Amid Market Caution

Sweetgreen ( (SG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

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Sweetgreen’s stock has experienced significant declines recently due to cautious market sentiment towards the restaurant sector. Morgan Stanley analyst Brian Harbour has adjusted the price target for Sweetgreen from $32 to $28, reflecting a tempered outlook on the industry’s growth prospects, particularly given the slow recovery expected in 2024. The analyst maintains an Equal Weight rating, indicating a balanced view on the stock amid these challenges.

More about Sweetgreen

YTD Price Performance: 4.39%

Average Trading Volume: 2,725,973

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.88B

For further insights into SG stock on TipRanks’ Stock Analysis page.

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