Why Beyond Meat Stock Dropped Today

Shares of Beyond Meat (NASDAQ: BYND) fell 6.7% on Monday, following an analyst downgrade. 

On Friday, Citi analyst Wendy Nicholson began covering Beyond Meat's stock. She placed a sell rating and a $123 target price on its shares. The stock closed at $125.98 on Monday.

Citi analyst Wendy Nicholson is bearish on Beyond Meat stock. Image source: Getty Images.

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Source Fool.com