The firm lowered its rating to neutral from overweight and dropped its price target to $134 from $138.
Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City.
Vegetarian alternatives to burgers and sausages, revived by start-ups like Beyond Meat and Impossible Burger, are enjoying a certain enthusiasm that meat giants also want to enjoy.on Tuesday and told investors it was time to bail as the red hot stock was no longer fairly valued.
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