Goldman Sachs Maintains Sell on Beyond Meat, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson has maintained a Sell rating on Beyond Meat (NASDAQ:BYND) and reduced the price target from $4 to $3.5, indicating a bearish outlook on the company's stock.

May 09, 2024 | 12:37 pm
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Goldman Sachs maintains a Sell rating on Beyond Meat and lowers the price target from $4 to $3.5.
The reduction in price target by a significant financial institution like Goldman Sachs reflects a negative outlook on Beyond Meat's stock, likely due to concerns about its financial health or market position. This bearish stance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
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