Why Beyond Meat Stock Stumbled on Wednesday
Hardly for the first time this young year, Beyond Meat (NASDAQ: BYND) had a down day on the stock market. The company, which is about to deliver its final quarterly earnings report for 2021, took a 6%-plus hit to its share price following a fresh price-target cut from an analyst this morning.
The wielder of the blade was Jefferies' Rob Dickerson, who sliced his target to $55 from the preceding level of $90 for a fairly deep cut. He's maintaining his hold recommendation on the stock, meanwhile.
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Source Fool.com
