Barclays Starts Beyond Meat Inc. (BYND) at Overweight

Barclays analyst Benjamin Theuer initiates coverage on Beyond Meat Inc. (NASDAQ: BYND) with a Overweight rating and a price target of $185.00.

• Sees "big potential" for bottom top and bottom lines.
• Favors management honesty that company remains a work in progress.

The analyst further commented that the company is well-positioned to capture a significant share of the alternative meat market. They estimate Beyond Meat could reach a 4.5% market share of the global alternative meat industry, which itself could represent 10% of the global meat industry within a decade.

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 $153.99 yesterday.

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