Beyond Meat price target lowered to $1 from $1.50 at Mizuho

Mizuho lowered the firm’s price target on Beyond Meat (BYND) to $1 from $1.50 and keeps an Underperform rating on the shares post the Q3 report. The firm says that with U.S. demand for animal meat at multi-decade highs, and pricing from plant-based meat peers becomes more competitive, Beyond Meat’s risks to growth remain skewed to the downside.