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Beyond Meat price target lowered to $2.50 from $6 at Bernstein

Bernstein analyst Alexia Howard lowered the firm’s price target on Beyond Meat (BYND) to $2.50 from $6 and keeps a Market Perform rating on the shares following quarterly results. The firm says Q1 disappointed and FY25 guidance is gone. Bernstein also highlights extra $100M in debt and sales guided up sequentially in Q2.

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