JPMorgan says Beyond's potential to acquire new customers, continued strength in measured data, and valuations have made it appealing again.
JPMorgan upgraded Beyond Meat to"overweight" from"neutral," making it the first firm in months to give the shares a positive rating. Beyond Meat shares rose 9% in early trading on the news. The JPMorgan analyst that covers the stock say its recent share declines and solid operating performance have made it more appealing. Watch Beyond Meat trade live on Markets Insider. Beyond Meat is out of neutral rating territory, at least in the eyes of one analyst that covers the stock.
JPMorgan upgraded Beyond Meat to"overweight" from"neutral," making it the first firm in months to give the shares a positive rating. Beyond Meat shares rose 9% in early trading on the news. The JPMorgan analyst that covers the stock say its recent share declines and solid operating performance have made it more appealing. Watch Beyond Meat trade live on Markets Insider. Beyond Meat is out of neutral rating territory, at least in the eyes of one analyst that covers the stock.
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