Why Beyond Meat Stock Dropped Today

Why Beyond Meat Stock Dropped Today
·2 min read

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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