AquaBounty downgraded to Perform from Outperform at Oppenheimer

Oppenheimer downgraded AquaBounty to Perform from Outperform without a price target. The firm cites the cost of capital and pricing pressures for the downgrade, telling investors in a research note that while it continues to believe AquaBounty has one of the most proven operational teams in land-based aquaculture, the extended timeline on the Ohio facility buildout leaves it with a lack of near-term catalysts.