 HelloFresh , the German maker of prepared foodkits, was downgraded to underweight from neutral by JPMorgan Cazenove. 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 a still high churn on a now much larger customer base and b less newreactivated customers making it into the funnel going forward, said the analysts. 