Mizuho analyst John Baumgartner raised the firm’s price target on Beyond Meat to $20 from $11 and keeps a Neutral rating on the shares. The company’s Q4 was largely as expected, but its fiscal 2023 plans include an inflection in strategy better capable of building a foundation for multi-year revenue growth, the analyst tells investors in a research note. The firm sees an improving risk/reward, but says execution risk and category weakness persist.
Published first on TheFly
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