UBS analyst Steven Strycula downgraded Beyond Meat (BYND) to Sell from Neutral with a price target of $73, down from $90. The shares are up 142% off their March low and is the best performing stock in the group despite having the greatest channel risk exposure to food service, Strycula tells investors in a research note. At $110 per share, the stock credits Beyond Meat for the full economic benefit of a U.S. partnership with McDonald’s (MCD) and Starbucks (SBUX), but does not reflect risk from reduced restaurant traffic, consumer trade-down to lower priced options or increased competition, contends the analyst. In short, Strycula believes Beyond Meat shares are not pricing in COVID-19 or recession risk.