Beyond Meat Shares Tumble on Disappointing Q1 Results, Barclays Downgrades Price Target

Beyond Meat Shares Tumble on Disappointing Q1 Results, Barclays Downgrades Price Target
Beyond Meat "Beyond Burger" patties sit on a shelf for sale in New York City on Nov. 15, 2019. Angela Weiss/AFP via Getty Images
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Barclays on Thursday cut the price target for shares of plant-based meat company Beyond Meat by nearly 70 percent following the company’s disappointing sales revenues in the first quarter.

Barclays analyst Benjamin Theurer downgraded shares to equal weight from overweight, with a $25.00 per share price target, down from $80.00.

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