Piper Sandler Sees 40% Downside In This Vegan Meat Company - Read Why

by Shivani Kumaresan, Benzinga Staff Writer

March 28, 2022 7:38 AM | 1 min read |

Piper Sandler analyst Michael Lavery downgraded Beyond Meat Inc BYND to Underweight from Neutral with a price target of $29, down from $50, implying a 40.3% downside.
The analyst is bearish on the company's key fundamentals, citing increasing competition.
Lavery notes that the company continues to burn cash with no clear plan for a positive EBITDA.
A nationwide McDonald's launch may not even have the headline impact he had expected.
Price Action: BYND shares are trading lower by 5.14% at $46.13 in premarket on the last check Monday.

Posted In: Analyst Color News Downgrades Price Target Restaurants Analyst Ratings General Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.