Beyond Meat tumbles after lead underwriter downgrades stock
The alternative meat company falls 22% after a JP Morgan analyst cuts the stock rating
11 June 2019 - 21:36
Bengaluru — Shares of Beyond Meat fell as much as 22% on Tuesday after one of the stock's lead underwriters, JP Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in.
Beyond Meat has surged more than 69% in two days since it forecast overall sales in 2019 to more than double...
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