Beyond Meat Inc (NASDAQ: BYND) shares are trading higher on Tuesday.
BTIG initiated coverage on Beyond Meat's stock with a Buy rating and announced a price target of $173.
Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes. The company was founded in 2009 by Ethan Brown.
Beyond Meat shares were trading up 9.05% at $141.80 at the time of publication on Tuesday. The stock has a 52-week range between $239.71 and $48.18.