Beyond Meat to increase prices, cut costs 'steeply' in 2024; shares soar

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Go back to Beyond Meat to increase prices, cut costs 'steeply' in 2024; shares soar

Argus Upgrades Beyond Meat Inc. (BYND) to Hold, 'weak balance sheet'

February 29, 2024 7:05 AM EST

Argus analyst John Staszak upgraded Beyond Meat Inc. (NASDAQ: BYND) from Sell to Hold.

The analyst comments "We are raising our rating on Beyond Meat Inc. (NGS: BYND) to HOLD from SELL. The company sells plant-based alternatives to meat at retail outlets, and has also developed products for fast food chains, including McDonalds, Pizza Hut, and KFC. BYND also faces... More

Beyond Meat Inc. (BYND) PT Raised to $8 at Jefferies, 'More Meat On The Bone'

February 28, 2024 5:10 AM EST

(Updated - February 28, 2024 5:34 AM EST)

Jefferies analyst Kaumil Gajrawala raised the price target on Beyond Meat Inc. (NASDAQ: BYND) to $8.00 (from $7.00) while maintaining a Hold rating.

The analyst comments "After a prolonged period of volatility, Beyond is on more stable footing.... More