Piper Sandler Maintains Neutral on Beyond, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith has maintained a Neutral rating on Beyond Meat (BYON) and lowered the price target from $26 to $17. This adjustment reflects a more cautious outlook on the company's stock.
May 08, 2024 | 4:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler maintains a Neutral rating on Beyond Meat but lowers the price target from $26 to $17, indicating a cautious outlook.
The reduction in price target by a reputable analyst like Peter Keith suggests a less optimistic view on Beyond Meat's future stock performance. This could lead to negative sentiment among investors and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100