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Why Beyond Meat's Stock Is Trading Lower Today

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Why Beyond Meat's Stock Is Trading Lower Today

Beyond Meat Inc (NASDAQ: BYND) shares were lower on Thursday after receiving a downgrades.

Goldman Sachs analyst Adam Samuelson downgraded the stock from Neutral to Sell and lowered the  price target from $129 to $39 per share.

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown, offering products designed to simulate chicken, beef, and pork sausage. The company's initial products became available across the U.S. in 2012.

Beyond Meat shares were trading down 8.18% at $67.03 on Thursday. The stock has a 52-week range between $239.71 and $45.

Related Links:

Beyond Meat Analyst Sees Uncertainty Ahead, Downgrades Stock

Why Beyond Meat Now Has A Huge Opportunity At McDonald's

Latest Ratings for BYND

DateFirmActionFromTo
May 2020BTIGInitiates Coverage OnBuy
May 2020JP MorganMaintainsNeutral
May 2020DA DavidsonMaintainsNeutral

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View the Latest Analyst Ratings

 

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