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J.P. Morgan downgrades Beyond Meat

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Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019.

Brendan McDermid | Reuters

J.P. Morgan downgraded Beyond Meat on Tuesday, after the company’s stock has surged 600% from its initial public offering price of $25.

The firm downgraded the stock to “neutral” from “overweight” and kept its price target of $120. The alternative meat company reported



Source cnbc.com

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