Barclays lowered the firm’s price target on Beyond Meat (BYND) to 50c from $1 and keeps an Underweight rating on the shares. The company reported a “weak” Q4 report with an “uncertain” outlook, the analyst tells investors in a research note. The firm says category volumes remain weak for plant-based meat and Beyond’s losses continue despite its cost control programs.
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Read More on BYND:
- Why Beyond Meat (BYND) Stock Tumbled 12% — and Where Jefferies Sees It Going Next
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- Beyond Meat price target lowered to 70c from $1.25 at Jefferies
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