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Starbucks, Chipotle, McDonald's among top food picks for teens: Piper Sandler

Impossible Foods gains traction among young consumers, beating Beyond Meat as the top choice.

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Beyond Meat Stock Is Tumbling. What's Behind the Move.


Shares of
Beyond Meat
were falling Wednesday after a Piper Sandler analyst downgraded his rating on the stock over worries that the plant-based meat maker may not be able to match high expectations. A price cut from rival Impossible Foods also weighed on shares.
Analyst Michael Lavery cut his rating on Beyond Meat (ticker: BYND) to Neutral from Overweight, and his price target to $125 from $144. While he still thinks Beyond Meat will benefit from being an early leader in faux meat—a category potentially worth as much as $8 billion by 2025— he believes consensus estimates are currently too high, and the company’s fourth-quarter sales could once again disappoint.

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