Cramer says Past Meat inventory is smart as a reopening play
Past Meat celebrates the launch of its latest retail product Past Breakfast Sausage in New York Metropolis on March 10, 2020.
Cindy Ord | Getty Photos
CNBC’s Jim Cramer stated Monday that he buys the concept Past Meat must be seen as a reopening inventory that can rebound because the hospitality sector continues to get well from the pandemic.
The feedback have been prompted by a bullish name on the choice meat firm from Bernstein, which double upgraded the inventory to outperform from underperform. The funding agency stated that one motive for optimism is that Past Meat ought to profit from a extra full restaurant restoration within the U.S. and Europe.
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