TD Cowen analyst Robert Moskow lowered the firm’s price target on Beyond Meat (BYND) to $5 from $6 and keeps a Sell rating on the shares. The firm said its Q3 results beat estimates but they lowered the high end of their sales guidance which now implies a deceleration in 4Q at the mid-point.
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Read More on BYND:
- Beyond Meat’s Global Expansion: Risky Investments in China and Europe Threaten Financial Stability
- Beyond Meat Shows Revenue Growth in 2024 Q3
- Beyond Meat says still expect to ‘restructure balance sheet’
- Beyond Meat says seeing benefit of changes in U.S. distribution
- Beyond Meat down 5% at $6.22 after Q3 results, narrowed guidance
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