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Fly News Breaks for November 8, 2019
KR, BYND
Nov 8, 2019 | 06:11 EDT
UBS analyst Steven Strycula initiated coverage of Beyond Meat (BYND) with a Neutral rating and $85 price target. The analyst is positive on the company's first-mover advantage in "plant-based meat" industry that offers "favorable" growth trends of low penetration and high total addressable market. Strycula notes however that the valuation on the stock looks full and new competitive threats may emerge from "Impossible, Kroger (KR), etc."
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