‘Time to beef up’ — Bernstein upgrades Beyond Meat to outperform, sees 30% upside

Investing

A Beyond Burger, a vegan veggie burger, is seen at the Vedang fast food restaurant in the Mall of Berlin on May 18, 2019 in Berlin, Germany. With fast food chains such as Burger King, Chick-Fil-A, Taco Bell and Dunkin’ Donuts now offering ‘fake meat’ versions of their main meal options, the vegan burger industry is booming, as consumers look beyond real meat products out of health and environmental concerns.

Adam Berry | Getty Images

It’s finally “time to beef up” on Beyond Meat following the stock’s dramatic descent since late July as a more compelling price point and strong sales expectations make for a more enticing investment case, according to Bernstein.

Bernstein explained that its upgrade of Beyond Meat to outperform from market perform is in large part thanks to expectations of a 50% probability that McDonald’s partners with the plant-based burger company in the U.S.

Articles You May Like

High diesel prices may put ‘another squeeze’ on the consumer, economist says
How To Find The Best Retirement Place To Follow Your Passions
Accenture stock rallies after earnings beat expectations
Living with Mom and trading on margin. The regular investor gets in on Wall Street’s record stock borrowing binge
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead

Leave a Reply

Your email address will not be published. Required fields are marked *