Beyond Meat price target lowered to 70c from $1.25 at Jefferies

Jefferies analyst Kaumil Gajrawala lowered the firm’s price target on Beyond Meat (BYND) to 70c from $1.25 and keeps a Hold rating on the shares. Sales continue to slide as management works on repositioning the brand, notes the analyst, who lowered the firm’s 2026 sales estimate by 12%, carrying forward implied volume headwinds from Q1 guidance.