TD Cowen lowered the firm's price target on Beyond Meat to 60c from 80c and keeps a Sell rating on the shares. The firm updated its model following 4Q25 earnings and revised our 2026 estimates. 4Q25 sales declined 20%, driven primarily by a 22% drop in volume. Given limited visibility and ongoing category weakness, management is only providing guidance for 1Q26, calling for a sales decline of 14% to 17%.
