Beyond Meat price target raised to $10 from $5 at TD Cowen

TD Cowen analyst Robert Moskow raised the firm’s price target on Beyond Meat to $10 from $5 and keeps an Underperform rating on the shares. The firm said 4Q results and 2024 guide demonstrated good progress in the effort to transition to a sustainable model. The guidance indicates a reduction in operating costs and cash use, the contraction of its production network, and price increases to support margin expansion.

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