William Blair downgraded Vital Farms (VITL) to Market Perform from Outperform and no price target The firm cites the company’s “disappointing” Q1 report for the downgrade. Egg industry oversupply conditions are more challenged than expected and the premium portion of the category has become more promotional, which is weighing on Vital’s results, the analyst tells investors in a research note. William Blair believes the stock may remain range-bound pending clarity that the company’s growth and margins have troughed.
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