Barclays Maintains Underweight on Beyond Meat, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer maintains an Underweight rating on Beyond Meat (NASDAQ:BYND) and has lowered the price target from $9 to $5.
November 02, 2023 | 2:58 pm
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Barclays has maintained an Underweight rating on Beyond Meat and lowered the price target from $9 to $5, which could negatively impact the stock's performance.
The lowered price target from Barclays indicates a bearish outlook on Beyond Meat. This could lead to a decrease in the stock's price as investors adjust their expectations based on this new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100