Why Beyond Meat Stock Got Beat by the Market Today
Investors weren't enjoying the taste of Beyond Meat (NASDAQ: BYND) stock on Tuesday. On a day when many stocks saw pleasant rises and the S&P 500 index advanced by nearly 1%, Beyond Meat was a laggard, shedding more than 0.9% of its value. The price-reducing ingredient was a rather critical new research note from an analyst tracking the stock.
That morning, Piper Sandler prognosticator Michael Lavery reiterated his underweight (read: sell) recommendation on Beyond Meat stock, and his $12-per-share price target.
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Source Fool.com