J.P. Morgan downgraded Beyond Meat on valuation.
The firm downgraded the stock to "neutral" from "overweight" and kept its price target of $120. The alternative meat company reportedThe stock is "beyond our price target," J.P. Morgan analyst Ken Goldman said in the note to clients.
The share price has already exceeded the price target of every analyst on Wall Street and short sellers have lost more than $400 million betting against the plant-based burger maker's stock since it went public,"This downgrade is purely a valuation call," J.P. Morgan said. "As we wrote last week, 'At some point, the extraordinary revenue and profit potential embedded in BYND… will be priced in' – we think this day has arrived.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Beyond Meat has hit the ‘short-squeeze trifecta’ as borrow fees keep soaringBeyond Meat Inc. is now the most expensive stock to borrow among active short targets, as lending fees continue to skyrocket.
Consulte Mais informação »
This big Wall Street bear warns his bleak scenario for 2019 is taking shapeLast week, tariffs on Mexico increased the chances that the Fed would cut rates. Investors obviously like that. So, stocks rallied. This week, Trump backs...
Consulte Mais informação »
Value investments are the cheapest in 30 years, but some market watchers say bewareValue-oriented investments are at at the biggest discount ever, according to J.P. Morgan, but some market watchers aren't convinced they're buys.
Consulte Mais informação »
Women's Media Center Live with Robin Morgan on Apple PodcastsNEW on WMCLive! TheRobinMorgan on Canada’s declared femicide of Indigenous women, boycotting anti-abortion states, the 2020 census. Guest: Sarah Barnett, first woman president of AMC Entertainment Networks (AMC, BBC AMERICA, IFC and Sundance TV). HERE:
Consulte Mais informação »
Piers Morgan slams 'selfish' Meghan Markle for 'bunking off' during Trump visitGood Morning Britain presenter Piers Morgan has hit out at Meghan Markle in a lengthy diatribe about her actions
Consulte Mais informação »
71 Ways to Grill Meat This SummerBeyond steak and chicken (but they're in here too)
Consulte Mais informação »