Barclays Maintains Overweight on Oatly Group, Lowers Price Target to $2
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Andrew Lazar has maintained an Overweight rating on Oatly Group (NASDAQ:OTLY) but lowered the price target from $3 to $2.
July 31, 2023 | 10:24 am
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Barclays has maintained an Overweight rating on Oatly Group but lowered the price target from $3 to $2.
The news is directly related to Oatly Group. The maintained Overweight rating indicates that Barclays still sees potential in the company. However, the lowered price target could negatively impact the stock price in the short term as it suggests that Barclays has reduced its valuation of the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100