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…
