Australia markets closed
  • ALL ORDS

    7,326.20
    +18.50 (+0.25%)
     
  • AUD/USD

    0.6892
    -0.0051 (-0.73%)
     
  • ASX 200

    7,093.00
    +17.90 (+0.25%)
     
  • OIL

    109.20
    -1.29 (-1.17%)
     
  • GOLD

    1,803.50
    -4.70 (-0.26%)
     
  • BTC-AUD

    42,799.93
    -695.85 (-1.60%)
     
  • CMC Crypto 200

    662.49
    -18.62 (-2.73%)
     

Why Beyond Meat Stock Withered on Wednesday

·2-min read
Why Beyond Meat Stock Withered on Wednesday
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Beyond Meat (NASDAQ: BYND), the bellwether alternative-protein stock, lost a little weight on the stock market Wednesday. The first note was a reiteration, with Piper Sandler prognosticator Michael Lavery leaving unchanged his neutral recommendation and $64 price target on Beyond Meat stock. In his latest note on the company, Lavery waxed enthusiastic about the prospects of the McPlant, the Beyond Meat-developed sandwich being tested as a menu item by McDonald's. Pointing out that the McPlant will be rolled out in a new phase to around 600 McDonald's restaurants in California and Texas next month, he wrote that this "suggests a full U.S. launch to nearly 14,000 restaurants is likely coming later than the end of 1Q."

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting