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Beyond Meat Stock Has a New Fan. Here’s Why.

Beyond Meat stock jumped more than 4% early Monday following a double upgrade from Bernstein. The firm argues that despite the difficulties the plant-based protein maker faced during the pandemic, it isn’t a “broken growth story.”  

Analyst Alexia Howard boosted her rating on Beyond Meat (BYND) to Outperform from Underperform, and her price target to $130 from $101. Beyond Meat was up 4.3% to $111.20 before the open. The shares have fallen 14.7% year to date and are down more than 22% in the past year.

Howard…

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