Australia  

Midday Wrap: Trade Talks, Beyond Meat Bears

Video Credit: The Street - Duration: 00:38s - Published
Midday Wrap: Trade Talks, Beyond Meat Bears

Midday Wrap: Trade Talks, Beyond Meat Bears

Beyond Meat was the subject of a slightly bearish note at Wells Fargo, whose analyst initiated coverage on the stock with a market perform rating and $125 price target.

The price target represents a slight downside from the stock's previous closing price of $131.39 per share.

The firm says that investors should wait for better visibility into the competitive nature of the market before getting in on the plant-based meat craze.

Wells Fargo analyst John Baumgartner said the industry is in the need of a "sanity check" after his model indicated an opportunity potential between $12 billion and $15 billion by 2029, much lower than other analysts estimates of $40 billion.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below


You Might Like


Related videos from verified sources

Midday Wrap: Improved Sentiment on Trade Talks Leads Stocks Higher [Video]

Midday Wrap: Improved Sentiment on Trade Talks Leads Stocks Higher

Trade talks are going well, according to President Donald Trump, sending stocks spiking in trading Friday. The Dow Jones Industrial Average was gaining 1.46%, or 391 points, while the Nasdaq and S&P..

Credit: The Street     Duration: 00:43Published