Truist Securities Maintains Buy on Oatly Group, Lowers Price Target to $3
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Bill Chappell has maintained a 'Buy' rating on Oatly Group (NASDAQ:OTLY), but lowered the price target from $7 to $3.

July 31, 2023 | 3:37 pm
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NEGATIVE IMPACT
Oatly Group's price target has been lowered from $7 to $3 by Truist Securities, although the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could lead to a negative sentiment among investors, potentially causing a short-term drop in Oatly Group's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100