Beyond Meat price target lowered to $1 from $2 at Barclays

Barclays analyst Benjamin Theurer lowered the firm’s price target on Beyond Meat (BYND) to $1 from $2 and keeps an Underweight rating on the shares. The company reported “another quarter of declines and a muted outlook,” the analyst tells investors in a research note. The firm says category demand remains weak for plant-based meat.