Beyond Meat, Inc. (NASDAQ:BYND) shares are trading lower following a downgrade from Mizuho. The analyst downgraded the stock from a Neutral rating to an Underperform rating and cut the price target from $12 to $5, citing a reduced growth outlook for the plant-based meat category, lack of product innovation, and consumers' non-preference for the products. Mizuho also mentioned that the company's continued cash burn and tightening liquidity may lead to the need for new capital and have negative implications for the stock.