Goldman Sachs analyst Adam Samuelson downgraded Beyond Meat to Sell from Neutral with a price target of $39, down from $129. Beyond Meat represents one of the stocks that is most directly impacted by the COVID-19 outbreak, with over half of its sales into the foodservice channel, Samuelson tells investors in a research note. The analyst believes traffic declines represent a “substantial” near-term sales headwind and sees “meaningful risk” to further foodservice distribution gains in the near-to-medium term, with plant-based menu innovation a “substantially lower priority” for operators in the current environment. Samuelson thinks shares of Beyond Meat can fall 42%.