BUZZ-Beyond Meat: JP Morgan downgrades to 'neutral' as shares overcook [Reuters (UK)]
Last beyond meat, inc. earnings: 10/28 04:05 pm
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BUZZ-Beyond Meat: JP Morgan downgrades to 'neutral' as shares overcook - Reuters 2 Min Read ** Shares of vegan burger maker Beyond Meat inch up 3.5% to $174 in early premarket trade even as JP Morgan downgrades to ‘neutral’ from ‘overweight’ ** Brokerage says BYND’s risk and reward now balanced; stock price beyond JP Morgan’s PT ** Up to Monday’s close, stock had rallied 6.7x of IPO price of $25 with market cap now at ~$10.1 bln ** Brokerage raises PT again to $121 after last Friday’s PT hike to $120 saying BYND’s “extraordinary revenue and profit potential” has now been priced in ** JP Morgan positive on co remaining highly favorable to the total addressable market for alternative meat ** But says less positive on competitors getting more aggressive ** Brokerage also less positive as elevated valuation could lead to meaningful correction in stock if any real or perceived hiccup in performance ** Stock floated in early May, more than doubled on IPO day ** All but one out of 7 brokers
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BYND
News
- IPOs are so 2019. Companies are finding new ways to hit the market [CNNMoney.com]CNNMoney.com
- Beyond Meat Stock Surges As Starbucks Eyes Big Changes To Sourcing [Investor's Business Daily]Investors Business Daily
- Why Beyond Meat Stock Jumped Today [The Motley Fool]The Motley Fool
- IPOs are so 2019. Companies are finding new ways to go public [CNNMoney.com]CNNMoney.com
- Stock market news live: Stocks dip as global elite flock to Davos; Beyond Meat spikes on Starbucks climate plan [Yahoo! Finance News]Yahoo! Finance News
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BYND
SEC Filings
- 1/17/20 - Form 3
- 1/17/20 - Form 4
- 1/15/20 - Form 4
- BYND's page on the SEC website
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