The Ratings Game: Sweetgreen stock soars after BofA says buy it, and nearly doubles price target

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Shares of Sweetgreen Inc. soared in active trading Thursday, after BofA Securities’ Katherine Griffin turned bullish on the salads restaurant chain, citing increasing foot traffic, loyalty and automation.

Griffin raised her rating on the stock SG to buy from neutral, while boosting her price target by 89%, to $17 from $9.

That makes Griffin…