Customers wearing face masks leaving a Costco Wholesale store on July 16, 2020 in Pembroke Pines, Florida.
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Here are the biggest calls on Wall Street on Tuesday:
Piper Sandler raised its price target on Beyond Meat to $178 from $130
“Our latest Piper Sandler Teen Survey included questions on plantbased meat, which gives us color on consumer preferences in the rapidly growing space. Of the teens surveyed, 47% either consume or are open to consuming plant-based meat, in-line with our prior survey that found an inverse relationship between age and interest in consuming plant-based meat. This suggests plant-based eating is more on-trend with younger consumers, which could drive growth over time as consumers age.”
RBC upgraded Northrop Grumman to outperform from sector perform
RBC said in its upgrade of the Northrop Grumman that it sees a “compelling” risk/reward.
“The combination of the recent [Air Force] Ground Based Strategis Deterrent initial contract award, which should level set expectations, and the stock’s 3Q underperformance sets up a compelling risk/reward profile for this blue-chip defense pure play, in our view.”