Beyond Meat among the stocks set to benefit from ongoing pork shortage, Bernstein says

www.cnbc.com/2019/12/17/beyond-meat-to-benefit-from-ongoing-pork-shortage-bernstein-says.html

As African Swine Fever rages on, rising meat prices could lead consumers to favor plant-based alternatives like Beyond Meat, Bernstein said on Tuesday.

“Linked to this major dislocation due to African Swine Fever in the global meat industry, we expect that the plant-based meat and other plant-based categories will continue to do well, as prices for plant-based products start to look cheaper than elevated animal meat prices,” the firm said.

Bernstein has an outperform rating and $106 target on Beyond Meat.

The firm also likes Tyson, but said to avoid Campbell Soup, Kellogg, General Mills, Smucker’s and Conagra.