Information Provided By:
Fly News Breaks for February 14, 2020
BYND
Feb 14, 2020 | 06:33 EDT
Bernstein analyst Alexia Howard raised her price target for Beyond Meat (BYND) to $117 from $106 and maintained a Market Perform rating. In a research note to investors Howard says she sees upside from a wider McDonald's (MCD) partnership and having previously estimated that Beyond Meat could generate $168M sales from a McDonald's partnership in the U.S., but now estimates Beyond Meat could generate $227M-$306M in incremental sales from a potential McDonald's rollout in the U.S. The analyst continues to believe that Beyond Meat's near-term sales growth potential in the U.S. is largely priced in at this point, but thinks there could be upside if Beyond Meat further expands its capacity and more meaningfully expands into international markets.
News For BYND From the Last 2 Days
BYND
Mar 28, 2024 | 09:05 EDT
Beyond Meat announced a newly renovated and expanded line of Beyond Crumbles rolling out now in the freezer aisle at grocery stores across the U.S. "We continue to innovate across our product lines to deliver delicious taste and health benefits alike. For consumers who love the taste and versatility of beef, but want to reduce saturated fat and cholesterol in their diet, Beyond Crumbles offer a convenient, healthy protein for the center of the plate. Beyond Crumbles' strong nutritional profile, coupled with its simple and clean ingredient list, earned the product certification by the American Heart Association's Heart-Check program and the American Diabetes Association's Better Choices for Life program," said Beyond Meat Founder and CEO Ethan Brown.