Bernstein Double Upgrades Beyond Meat, Says Buy The Dip On This Reopening Play

It’s time for investors to buy the dip in Beyond Meat to take advantage of a coming rebound, according to Bernstein.

The stock has struggled in recent months, falling 44% since a brief spike in late January. Analyst Alexia Howard gave the alternative meat company a rare double upgrade, moving the rating to outperform from underperform and saying that sales should gain steam again as the economic reopening widens.