Beyond Meat’s disappointing earnings prompted a price-target plunge from Mizuho analyst John Baumgartner. Though he kept a Neutral rating on the stock, he slashed the firm’s price target to $11.00 from $27.00.
In its third-quarter earnings results, the plant-based giant posted a wider-than-expected loss on adjusted earning per share, but beat on revenue estimates as it targets cash flow positive operations within the second half of 2023. Net revenue decreased by 22.5%…
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