On a down day for U.S. markets, Beyond Meat Inc. shares BYND, +2.75% are in positive territory Thursday after Baird analyst Ben Kallo initiated coverage of the maker of plant-based meat with an outperform rating and $160 target price. The stock is up about 1% in Thursday’s session. “We model substantial revenue growth over the next several years, driven by increasing distribution (domestically + internationally), increasing velocity per point of distribution, and introduction of new products,” Kallo wrote.
[Beyond Meat in Market Watch] Beyond Meat stock gains after Baird chimes in with bullish rating
Read more here.