JPMorgan analyst Ken Goldman downgraded Beyond Meat to Underweight from Neutral with an unchanged price target of $122. The shares closed Thursday up 65c to $157.22. The stock’s 108% rally year-to-date is “above and beyond what we consider rational,” even for a good company like Beyond Meat, Goldman tells investors in a research note. Street estimates look high with chief rival Impossible Foods taking market share at grocery and restaurants hesitating to add menu complexity during the COVID-19 crisis, adds the analyst. Goldman cites valuation and “sluggish fundamentals” for the downgrade.