Why Beyond Meat (BYND) Stock is Trading Sharply Higher Today

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BTIG Positive on Beyond Meat's (BYND) Expanded Partnership With McDonald's (MCD), HSBC Upgrades to Hold

January 21, 2022 9:04 AM EST

Beyond Meat (NASDAQ: BYND) gapped higher yesterday on news that McDonalds (NYSE: MCD) is expanding a joint pilot program with the company.

McDonalds is expanding the plant-based McPlant burger created with Beyond Meat to roughly 600 locations from the current 8.

BTIG analyst Peter Saleh reiterated a Neutral rating following the report but reflected... More