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'Time to beef up' — Bernstein upgrades Beyond Meat to outperform, sees 30% upside

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It's finally "time to beef up" on Beyond Meat following the stock's dramatic descent since late July as a more compelling price point and strong sales expectations make for a more enticing investment case, according to Bernstein.

Bernstein explained that its upgrade of Beyond Meat to outperform from market perform is in large part thanks to expectations of a 50% probability that McDonald's partners with the plant-based burger company in the U.S.

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