ONE WALL STREET FIRM JUST SLASHED BEYOND MEAT'S PRICE TARGET BY NEARLY 25% (BYND)

Drew Angerer/Getty Images Bernstein lowered its Beyond Meat price target to $130 from $172 in a Friday note. Shares slid as much as 6.8% on the news.  The lower target stems from Bernstein's reduction of the company's enterprise-value-to-sales multiple to 15 times from 20 times. Bernstein still expects that Beyond Meat will post solid full-year sales, but says investors will need an update on the competitive landscape from the plant-mea...

BusinessInsider (Date:10/18/2019 18:37) Read full article >>

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