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2021-12-14

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Piper Sandler boosts Beyond Meat's price target to $64 from $61 and upgrades its rating to Neutral

Beyond Meat stock jumped more than 6% in extended trading after Piper Sandler boosted its price targ

Piper Sandler boosts Beyond Meat's price target to $64 from $61 and upgrades its rating to Neutral

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He still remains concerned with price compression in both food service and retail along with an unfavorable margin outlook.</p>\n<p>Piper Sandler boosts its price target to $64 from $61 and upgrades its rating to Neutral. Sell-side analysts are primarily Neutral or Bearish on BYND, while Seeking Alpha's Quant Rating is&nbsp;Very Bearish on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173614364","content_text":"Beyond Meat stock jumped more than 6% in extended trading after Piper Sandler boosted its price target to $64 from $61 and upgraded its rating to Neutral.\n\nBeyond Meat shares leap as Piper Sandler says that its industry contacts expect a nationwide U.S. McPlant launch in late Q1 2022, earlier than previously anticipated.\nPiper Sandler's limited channel checks have suggested generally positive anecdotal feedback, leading McDonald's to reportedly move forward quickly with the nationwide release. \"The expected MCD lift gives us better comfort in our target multiple,\" writes analyst Michael Lavery.\nLavery estimates BYND's McPlant sales could be $75M, assuming a 5% share of burger sales, based on a lower price point of $4.00/pound as the company attempts to match or undercut traditional meat prices. 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Piper Sandler boosts Beyond Meat's price target to $64 from $61 and upgrades its rating to Neutral

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