U.S. markets close in 1 hour 32 minutes
  • S&P 500

    4,131.72
    +20.64 (+0.50%)
     
  • Dow 30

    33,933.75
    +42.73 (+0.13%)
     
  • Nasdaq

    11,983.62
    +96.17 (+0.81%)
     
  • Russell 2000

    1,953.48
    -4.24 (-0.22%)
     
  • Crude Oil

    76.95
    +2.84 (+3.83%)
     
  • Gold

    1,884.70
    +5.20 (+0.28%)
     
  • Silver

    22.20
    -0.03 (-0.14%)
     
  • EUR/USD

    1.0722
    -0.0009 (-0.09%)
     
  • 10-Yr Bond

    3.6700
    +0.0360 (+0.99%)
     
  • GBP/USD

    1.2035
    +0.0011 (+0.09%)
     
  • USD/JPY

    131.2600
    -1.3470 (-1.02%)
     
  • BTC-USD

    23,078.41
    -2.96 (-0.01%)
     
  • CMC Crypto 200

    531.32
    +5.36 (+1.02%)
     
  • FTSE 100

    7,864.71
    +28.00 (+0.36%)
     
  • Nikkei 225

    27,685.47
    -8.18 (-0.03%)
     

Beyond Meat downgraded on results, cash flow guidance

Beyond Meat downgraded on results, cash flow guidance

Shares of battered Beyond Meat Inc. are down 3.5% Monday after the stock was downgraded by Barclays amid volatile market conditions and lingering questions around Beyond's results and cash flow guidance. Barclays analyst Benjamin Theurer downgraded the stock to underweight from equal weight while shaving the price target to $10 from $13. "Although the company expects to turn cash flow positive by 2H23, we remain skeptical given current cash burn rates and a sizable net loss of over $100 [million