Barclays Maintains Underweight on Beyond Meat, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer maintains an Underweight rating on Beyond Meat (NASDAQ:BYND) and lowers the price target from $10 to $9.
June 01, 2023 | 11:27 am
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Barclays analyst maintains an Underweight rating on Beyond Meat and lowers the price target from $10 to $9.
The lowered price target by Barclays analyst Benjamin Theurer indicates a bearish outlook on Beyond Meat's stock. This could lead to a negative short-term impact on the stock price as investors may perceive the company as less valuable than previously thought.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100