Beyond Meat price target raised to $9 from $7.50 at Canaccord

Canaccord raised the firm’s price target on Beyond Meat to $9 from $7.50 and keeps a Hold rating on the shares. The firm said they delivered upside to Q4 expectations for revenue as International channels posted solid growth. Canaccord maintains its rating given flagging US demand and what they believe may prove to be a difficult campaign of new product introductions.