Mizuho Downgrades Beyond Meat to Underperform, Announces $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst John Baumgartner has downgraded Beyond Meat (NASDAQ:BYND) from Neutral to Underperform and announced a $5 price target.
October 12, 2023 | 10:52 am
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NEGATIVE IMPACT
Beyond Meat has been downgraded to Underperform by Mizuho with a new price target of $5.
The downgrade from Mizuho is likely to negatively impact Beyond Meat's stock in the short term. The new price target of $5 is significantly lower than the current trading price, which could lead to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100