(Bloomberg) — The squeeze on sales suffered by Beyond Meat Inc. due to restaurant closures in the first quarter wasn’t as bad as feared, while stockpiling by consumers benefited the group’s retail business, analysts said.UBS Group AG’s Steven Strycula noted the faux-meat maker’s U.S. retail sales surged 157% year-on-year, and joined analysts at Jefferies and Piper Sandler & Co. in lifting his price target for the stock.Beyond Meat’s shares jumped as much as 18% to the highest intraday since Feb. 26. The shares are now up 54% since the start of the year.Here’s a summary of what analysts had to …read more
Source:: Yahoo Finance
