BYND - Why Beyond Meat Stock Is Down Today | Benzinga
Beyond Meat, Inc. (NASDAQ: BYND) shares are trading lower Thursday following a downgrade from Mizuho.
The Details:
Mizuho analyst John Baumgartner downgraded Beyond Meat from a Neutral rating to an Underperform rating and cut the price target from $12 to $5, representing a 39% downside risk.
Baumgartner cited a reduced growth outlook for the broader plant-based meat category and a lack of increased consumption due to macroeconomic pressures on the ...