Barclays Maintains Equal-Weight on Beyond, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman maintains an Equal-Weight rating on Beyond Meat (NYSE:BYON) but lowers the price target from $14 to $8.
October 29, 2024 | 12:38 pm
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Barclays analyst Seth Sigman has maintained an Equal-Weight rating on Beyond Meat but has significantly lowered the price target from $14 to $8, indicating a less optimistic outlook.
The reduction in the price target from $14 to $8 by Barclays suggests a negative outlook on Beyond Meat's future performance. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100