Beyond Meat Inc. shares
they are down 2.5% in premier market trades on Monday after Barclays analyst Benjamin Theurer lowered his stock rating by two positions, being overweight underweight. Theurer is concerned about the “short and medium-term headwinds”
places after what he said was “poor feedback” which was “weaker than expected”. He raised his price target to $ 115 from $ 100 in combination with the double downgrade but expressed caution regarding “current high valuation levels”. Beyond Meat’s stakes have added 114% in the past three months as an S&P 500
he gained 18%.