J.P. Morgan raised its target price on Beyond Meat to $189 a share from $188 a share.
"With cash-on-hand likely to exceed $300MM by the end of 3Q, another guidance raise potentially ahead, and the stock ~40% off its high, we think the stock is appealing once again," J.P. Morgan said. Ethan Brown, founder and CEO of Beyond Meat, center, rings the opening bell during the company's IPO at the Nasdaq in New York on May 2, 2019.Beyond MeatThe firm raised its rating to "overweight" from "neutral," and lifted its target price to $189 a share from $188 a share. J.P. Morgan cited several reasons for its upgrade, including the fact that the stock has dropped 40% since its high on July 26.
"With cash-on-hand likely to exceed $300MM by the end of 3Q, another guidance raise potentially ahead, and the stock ~40% off its high, we think the stock is appealing once again," J.P. Morgan said in a note to clients. "We see three primary reasons for renewed optimism: The potential to acquire new food-service customers, continued strength in measured data, and valuation," J.P. Morgan analyst Ken Goldman said.
Remains below 134 , could be attractive around 100, technically .
I’m hungry now 😂🤷🏼♂️
Prop it up!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beyond Meat burgers coming to HelloFresh meal kitsPlant-based protein company Beyond Meat Inc. and HelloFresh SE said Monday Beyond Burgers will become part of the meal kit business' Craft Burger collection. The first recipe will be Goudalicious Beyond Burgers with potato wedges and creamy mustard aioli, which will be available nationwide the week of September 14. The Beyond Burger launched on the Canadian HelloFresh menu in July. Beyond Meat stock has climbed 62% over the past three months, HelloFresh stock has gained 11.7%, and the S&P 500 index is up 1% for the period. To the benefit of Al Gore..I’ll never buy it when that lying scumbag is aboard! Both of Hellos customers will love them.
Source: MarketWatch - 🏆 3. / 97 Read more »
JP Morgan: Don't buy the dip until SeptemberJ.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again. I can’t believe people actually listen to this shit. Their buy orders not filled yet? LiveSquawk Good buy signal this is
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Lane Founder Morgan Curtis Wore Lingerie-Inspired Alexander McQueen to Her Wedding in SpainFrom the beginning of the planning process, Morgan Curtis knew that she didn’t want to wear a typical wedding dress. “I wanted something unique that reflected my love of lingerie and girly aesthetic,” says the bride.
Source: voguemagazine - 🏆 715. / 51 Read more »
Beyond Meat's vegan burger is heading to HelloFresh meal kitsHelloFresh will start carrying Beyond Meat's vegan burger on its U.S. menus in September. Beyond meat can bypass my body and be put straight into the toilet. Unfortunately it's made of soy which is one of the top 6 allergens and required to be listed on all food products. It will be nice when soy is not considered the gold standard of replacement for meat.
Source: CNBC - 🏆 12. / 72 Read more »
How Ursula Rucker Goes Beyond the BreakthroughThe theme of the 2019 National Sexual Assault Conference—Beyond the Breakthrough—seeks to inspire the collective movement to end sexual violence and build on the momentum of the MeToo movement. Ms. brings the discussions happening on-site to our readers.
Source: MsMagazine - 🏆 378. / 59 Read more »
Study Finds Watching ‘Sesame Street’ Helps Kids Succeed in School and BeyondIf you're finding yourself questioning your parenting choices every time you let your child watch TV, we have some news that might make that decision easier
Source: POPSUGARMoms - 🏆 117. / 63 Read more »