Piper Sandler analyst Michael Lavery remains bearish on Beyond Meat, saying retail sales declines continue to accelerate and steady sales from its recently launched jerky are masking a greater acceleration in declines for the rest of its portfolio. Piper also assumes the company issues more shares to maintain liquidity, which it models in mid-2023. It keeps an Underweight rating on the shares with a $6 price target.
Published first on TheFly
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