Vital Farms downgraded to Market Perform from Outperform at Telsey Advisory

Telsey Advisory downgraded Vital Farms (VITL) to Market Perform from Outperform with an $11 price target following the earnings report. The magnitude of pressure on Vital’s business was significantly worse than anticipated, the analyst tells investors in a research note. The firm believes the near-term pressures from industry-level changes are likely to alter the company’s growth trajectory ahead.