Beyond Meat (BYND) Deal with Pepsi a 'Significant Win' - Berenberg

Berenberg analyst Donald McLee views Beyond Meat's (NASDAQ: BYND) deal with PepsiCo (NYSE: PEP) as a big win.

"Overall, we view this deal as a significant win for BYND, as it potentially expands BYND’s addressable market from the $1.7tn global meat industry to include $165bn of the combined addressable market between the snacking and beverage category," the analyst commented.

McLee reiterated a Buy rating and $150.00 price target on BYND.

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 $158.73 yesterday.

You May Also Be Interested In

• Wells Fargo Upgrades Dick's Sporting Goods (DKS) to Overweight following Sporting Goods deep dive
• Biodesix (BDSX) PT Raised to $35 at Canaccord
• Vistra Energy (VST) PT Lowered to $212 at Wells Fargo