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Strategies & Market Trends : Taking Advantage of a Sharply Changing Environment -- Ignore unavailable to you. Want to Upgrade?


To: Woody who wrote (1776)6/7/2019 1:40:33 PM
From: Doug R1 Recommendation

Recommended By
Hawkmoon

  Read Replies (1) | Respond to of 6350
 
Beyond Meat surged on Friday after delivering a narrower loss and guidance that prompted bullish calls from analysts.

The vegan upstart brought in the buyers as it forecast that sales would top $210 million this year, a more than 100% increase from the $88 million seen last year. That was also above analysts' estimates for about $205 million.

Beyond Meat (NASDAQ: BYND) surged 34%.

The rosier outlook was accompanied by sizzling first-quarter results, drawing a bullish call from Bank of America (NYSE: BAC).

Bank of America raised its price target on the stock to $101 from $85. It currently has a neutral rating on the stock.

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