Oppenheimer analyst Rupesh Parikh last night initiated coverage of Beyond Meat with a Perform rating and no price target. The analyst looks "quite favorably" upon the Beyond Meat brand, product assortment, track record of innovation, longer-term prospects, and its positioning to the "very on-trend" alternative meat category. However, a "pricey" valuation, increasing competition, and the potential for new selling pressures following the expiration of the lock-up suggest "more muted upside potential," Parikh tells investors in a research note. The analyst, despite his neutral rating, says Beyond Meat shares are "very much" on his radar.