BMO Capital lowered the firm’s price target on Beyond Meat (BYND) to $5 from $6 and keeps a Market Perform rating on the shares. The company’s Q4 revenue slightly exceeded consensus, but lower-than- expected gross margins pressured EBITDA, and the management provided below-consensus 2025 sales guidance that implies flattish revenues, as well as gross margin outlook light of consensus, the analyst tells investors in a research note. BMO remains concerned about sales trajectory owing to category headwinds, also noting that the efforts to bolster balance sheet could weigh on shares near term.
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