Barclays Maintains Equal-Weight on Beyond, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Barclays has maintained an Equal-Weight rating on Beyond Meat (NYSE:BYND) and increased the price target from $20 to $24.

January 04, 2024 | 11:59 am
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Barclays has reaffirmed its Equal-Weight rating on Beyond Meat and raised the price target from $20 to $24, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a more optimistic valuation of Beyond Meat's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating suggests that Barclays believes the stock is fairly valued at its current level, but the raised target indicates an expectation of some growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100