Beyond Meat: Set for best week in over a year; Credit Suisse raises PT

BYND Cannasoft Enterprises

28/05/2021 12:09

** Shares of plant-based meat-like food maker  BYND.O  rise
4.14% to $148.52 premarket  
    ** BYND shares have jumped 33.8% this week through
Thursday's close, set for best week since early May, 2020
    ** Credit Suisse raises price target on BYND to $123 from
$120  urn:newsml:reuters.com:*:nFWN2NF0MO
    ** "Higher than expected gains in household penetration and
sales performance in quick service restaurants represent the
biggest upside" - CS, which retains "Neutral" rating on BYND
    ** Shares have been boosted this week as co introduced its
6-pack of Beyond Burger across Canada  urn:newsml:reuters.com:*:nL3N2NE4AV    
    ** On trading-focused social media site Stocktwits, message
volume related to BYND stock jumps 85.6% 
    ** Among the 19 analysts covering BYND, 4 rate "strong buy",
9 "hold" and 6 "sell"; median analyst price target is $120 -
Refinitiv data
    ** BYND shares up 14.1% this year, as of last close

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))