Piper Sandler analyst Michael Lavery maintained a Buy rating on Oatly Group (OTLY – Research Report) today and set a price target of $2.00. The company’s shares opened today at $1.15.
According to TipRanks, Lavery is a 4-star analyst with an average return of 6.9% and a 55.36% success rate. Lavery covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, Mondelez International, and Celsius Holdings.
In addition to Piper Sandler, Oatly Group also received a Buy from D.A. Davidson’s Brian Holland in a report issued today. However, on the same day, RBC Capital maintained a Hold rating on Oatly Group (NASDAQ: OTLY).
OTLY market cap is currently $684M and has a P/E ratio of -1.63.
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Oatly Group (OTLY) Company Description:
Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, Icecreams, among others. It caters to Sweden, Germany, United Kingdom, Netherlands, North America, Finland, and Other markets.
