LNDC - Landec plummets 7% after Q3 loss and downgrade by Barrington

Barrington analyst Michael Petusky downgraded Landec (LNDC -7.1%) to Market Perform from Outperform without a price target. The analyst is concerned that the difficult macro backdrop may delay the monetization of food assets. He remained concerned about the company's inability to generate consistent operating results and positive cash flows within its current business structure.  The downgrade was followed by recent FQ3 earnings. A deeper dive in earnings investor presentation

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Landec plummets 7% after Q3 loss and downgrade by Barrington