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Here's Why Beyond Meat Stock Was Falling Today

Here's Why Beyond Meat Stock Was Falling Today

Shares of plant-based meat company Beyond Meat (NASDAQ: BYND) were down sharply on Friday morning, after an analyst downgraded the stock, slapping it with a sell rating. Citigroup analyst Wendy Nicholson doesn't buy the long-term plant-based meat trend. Growth stocks do deserve lofty valuation multiples like this, and Beyond Meat is a growth stock.