HLFFF - HelloFresh downgraded by JP Morgan over concerns of slowdown

German meal-kit maker, HelloFresh ([[HLFFF]] +3.4%) downgraded to Underweight from Neutral by JP Morgan Cazenive over concerns of eventual easing of lockdown restrictions."In contrast to other work-from-home beneficiaries, we anticipate a relatively quick and sharp slowdown in active customer growth once lockdown measures are lifted given a unique combination of 1. still high churn on a (now) much larger customer base and 2. less new/reactivated customers making it into the funnel going forward," said the analysts.In the recent quarter, sales in the nine months to September 30 more than doubled to €2.6B compared with the same period in 2019.Performance comparision against peers here.Shares +183% over last one year.Contributor comments: 'HelloFresh Is Having Difficulty Keeping Up With Demand Continued'

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HelloFresh downgraded by JP Morgan over concerns of slowdown