Beyond Meat price target lowered to $2 from $3 at Barclays

Barclays lowered the firm’s price target on Beyond Meat (BYND) to $2 from $3 and keeps an Underweight rating on the shares. The company reported weaker than expected Q1 results, withdrawing guidance for fiscal 2025 and cutting the Q2 outlook, the analyst tells investors in a research note. The firm sees this likely driving a negative stock market reaction.