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0 0.00323660714285705 0.00457700892857143 -0.00390625000000009 -0.0167410714285714 -0.0136160714285714 -0.0135044642857144 0.0241026785714285
Stock impact report

Beyond Meat To Bring Plant-Based Beef To China [Yahoo! Finance News]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Beyond Meat BYNDSBUXTo help boost the appeal of alternative meat products in China, Beyond Meat will create a dedicated Chinese website, and ramp up its presence on social media sites Weibo and WeChat.On April 20, Yum China’s KFC also announced that it will begin its first Chinese trial of a plant-based version of its popular fried chicken. According to the company’s Weibo page, U.S. agribusiness Cargill Ltd will supply the nuggets.“We remain favorable in general to the BYND fundamentals over the long run, but we see too much near-term uncertainty to be constructive at this time, especially with 51% of 2019’s revenues going to foodservice,” commented analystKenneth GoldmanAccording to Goldman, higher retail sales will not be sufficient to offset the drop in demand from the foodservice sector.As a result, the analyst cut his Beyond Meat price target from $108 to $77 and maintained his hold rating on the stock. Indeed, analysts remain firmly sidelined on BYND stock right now- with aHold Show less Read more
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