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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 are trading lower after Citigroup analyst Wendy Nicholson initiated coverage on the company's stock with a Sell rating and announced a $123 price target.

Beyond Meat is a food company that engages in the provision of revolutionary plant-based meats in the United States and internationally. It offers its products in plant-based platforms of beef, pork, and poultry in ready-to-cook and ready-to-heat formats.

Beyond Meat's stock was trading down 2.78% at $137.30 per share on Friday at the time of publication. The company has a 52-week high of $239.71 and has a 52-week low of $48.18.

Latest Ratings for BYND

DateFirmActionFromTo
Aug 2020UBSMaintainsSell
Jul 2020Canaccord GenuityInitiates Coverage OnHold
Jul 2020CitigroupInitiates Coverage OnSell

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View the Latest Analyst Ratings

 

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StockFirmActionPT
CNDTNeedhamMaintains6.0
REPLSVB LeerinkMaintains27.0
PRNBHC Wainwright & Co.Maintains108.0
NYMTJonesTradingMaintains3.5
GWPHHC Wainwright & Co.Maintains162.0
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