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Piper Sandler downgrades Beyond Meat to underweight, says second-half sales could fall short


Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City.

Piper Sandler reports that Beyond Meat’s shipment data shows that the company is not performing well in the second quarter. Angela Weiss| AFP | Getty Images

Shipment data for Beyond Meat is sending warning signals about the company’s performance in the second half of the year, according to Piper Sandler.