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beyond-meat-takes-on-downgrade-from-barclays-as-share-collapse

Beyond Meat takes on downgrade from Barclays as share collapse

By BizTech Weekly May 12, 2022

Barclays lowered its rating on Beyond Meat (NASDAQ:BYND) to Equal Weight from Overweight after taking in the company’s earnings misfire. Mizuho Americas dropped its price target on BYND to $21 from $35. The Seeking Alpha Quant Rating was flashing Strong Sell on the company well in advance of the share price collapse. Beyond Meat fell 24.34% premarket to $19.80 to follow on a 13.83% decline on Wednesday. McDonald’s confirmed that McDonald’s conducted market tests of McPlant in the U.S., as well as added the offering to all restaurants across the. U.K. and Ireland and continued trials in Austria. There were no further details given on the Beyond Meat. . . .

Read more at seekingalpha.com

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