Why Beyond Meat Stock Dropped 6% This Morning
Shares of plant-based food maker Beyond Meat (NASDAQ: BYND) tumbled nearly 6% in early trading Thursday before recovering to something more like a 2.1% loss as of 2:20 p.m. EDT. Curiously, though, the stock price is going down despite two Wall Street analysts pushing their price targets up.
As reported on StreetInsider.com today, two separate analysts -- UBS and Bernstein -- just raised their price targets on Beyond Meat shares. UBS thinks the stock is worth $105 (up from $75 previously), while Bernstein is positing a $133 share price.
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Source Fool.com
