JPMorgan Upgrades Beyond Meat Inc. (BYND) to Overweight

JPMorgan analyst Ken Goldman upgraded Beyond Meat Inc. (NASDAQ: BYND) from Neutral to Overweight with a price target of $189.00 (from $188.00).

• Optimistic on potential to acquire new foodservice customers.
• Likes the continued strength in measured data.
• Favors the valuation.
• "With cash-on-hand likely to exceed $300MM by the end of 3Q, another guidance raise potentially ahead, and the stock ~40% off its high, we think the stock is appealing once again."

For an analyst ratings summary and ratings history on Beyond Meat Inc. click here. For more ratings news on Beyond Meat Inc. click here.

Shares of Beyond Meat Inc. closed at $152.40 yesterday.

You May Also Be Interested In

• New Street Research Upgrades Micron Technology (MU) to Buy
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Adeia (ADEA) PT Raised to $50 at BWS Financial