Why Beyond Meat Stock Dropped Today

·2-min read
Why Beyond Meat Stock Dropped Today

Piper Sandler analyst Michael Lavery cut his rating on Beyond Meat's stock from neutral to underweight and slashed his price forecast from $120 to $95. Analysts at Piper Sandler placed the equivalent of a sell rating on Beyond Meat's shares. While acknowledging that Beyond Meat remains a leader in the plant-based foods industry, Lavery warned that the company's sales could fall short of investors' expectations.

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