U.S. Markets close in 3 hrs 43 mins

Beyond Meat Slides After Downgrade


Investing.com - Plant-based meat alternative maker Beyond Meat (NASDAQ:BYND) isn’t all it's cut out to be, analysts at Exane BNP Paribas (PA:BNPP) said on Monday.


The French research firm initiated coverage of the company with an underperform rating a price target of $70.

The stock slumped 4% in midday trade.


"While plant-based meats will grow rapidly, we believe that barriers to entry are negligible; we thus struggle to justify BYND's valuation," analysts noted.

Related Articles

Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent - sources

Wall Street cuts losses after upbeat manufacturing data

Exclusive: Boeing bid for Embraer unit faces EU antitrust probe - sources