Analysts at Cowen on Friday downgraded shares of Workhorse Group Inc. to their equivalent of neutral, saying that they view the shares as “fairly valued following the recent rally which we view as not supported by fundamentals or company specific catalysts.” Second and third quarters will be a “critical period” for the company as deliveries of its C1000 electric van ramp up and competition intensifies, they said. “We make no changes to our estimates or $13 price target and … see no major near