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Beyond price target lowered to $5 from $7 at Barclays

Barclays lowered the firm’s price target on Beyond (BYON) to $5 from $7 and keeps an Equal Weight rating on the shares following the Q1 report. The company’s EBITDA losses continue to improve but it faces significant macro risks ahead, the analyst tells investors in a research note. The firm says Beyond is “already coming off depressed levels and could have some idiosyncratic drivers.”

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