Canaccord Genuity Maintains Hold on Beyond Meat, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Bobby Burleson maintains a Hold rating on Beyond Meat (NASDAQ:BYND) and lowers the price target from $9 to $7.
May 10, 2024 | 6:32 pm
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Canaccord Genuity maintains a Hold rating on Beyond Meat but lowers the price target from $9 to $7, indicating a bearish outlook on the stock's short-term price movement.
The reduction in price target by a reputable analyst firm like Canaccord Genuity suggests a bearish sentiment towards Beyond Meat's short-term financial performance and stock price potential. This adjustment reflects concerns over the company's valuation or expected performance, which could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100