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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Read More on BYON:
- Beyond, Inc. Reports Financial Improvements and Growth Plans
- Beyond, Inc. Earnings Call: Transition and Growth
- Cautious Outlook for Beyond Inc: Hold Rating Amid Revenue Decline and Extended Profitability Timeline
- Beyond price target lowered to $10 from $15 at Wedbush
- Beyond price target lowered to $5 from $6.50 at Jefferies
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