By Dhirendra Tripathi

Investing.com – Beyond Meat stock (NASDAQ:) surged 7% Tuesday after Piper Sandler upgraded it after finding out the faux meat-maker’s McPlant will be available at all of McDonald’s (NYSE:)’s U.S. outlets earlier than expected.

Piper Sandler’s model predicted a March launch that was earlier than expected and wider than it actually did. McDonald’s has around 14,000 outlets in the U.S.

It raised the price of its stock from $61. In the current session, it reached $68.96.

Piper’s Michael Lavery now rates the stock neutral. It was previously underweight.

The McPlant has been tested in eight U.S. McDonald’s location for over a month now. Beyond Meat and McDonald’s have developed the plant-based hamburger. Tests will run as long as supplies last, McDonald’s said in October.

Beyond Meat had difficulty bringing their products to market. Many of its products were delayed. This has had a negative impact on its stock price. It’s down almost 50% in a year that has seen indexes make new highs.

Bloomberg published Friday’s report that Yum! Taco Bell, a brand-owned company (NYSE:), had cancelled a planned testing of a product.

Taco expressed dissatisfaction with the sample. Beyond Meat fired two members of the production team responsible for the product. It was meant to imitate grilled meat called carne asada.