Beyond Meat Last Bullish Analyst Capitulates After 400% Gain
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Beyond Meat Inc. shares are no longer worth buying, according to Wall Street.
The faux meat-maker was downgraded to market perform from outperform at Sanford C. Bernstein & Co. Inc., losing its last bullish analyst rating after a stratospheric gain of just over 400% since the company listed last month. Beyond Meat shares were down 2.9% at 4:14 a.m. in New York trading before U.S exchanges open.