Sweetgreen Shares Climb After Wells Fargo Upgrade Citing Recovery From Cyclospora Outbreak
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Sweetgreen Inc. shares are climbing on Monday after Wells Fargo & Co. upgraded the stock, citing the salad chain’s faster-than-expected recovery from a parasite outbreak this summer that weighed on traffic.
The upgrade comes as the company shows signs of bouncing back from the challenges posed by the outbreak, which had negatively impacted customer visits during the summer months.
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“Sweetgreen Inc. shares are climbing on Monday after Wells Fargo & Co. upgraded the stock, citing the salad chain’s faster-than-expected recovery from a parasite outbreak this summer that weighed on traffic.”
Bloomberg — Sweetgreen Shares Erase Cyclospora Slump as Wells Fargo Upgrades