UPDATE: Jefferies Starts Oatly Group AB (OTLY) at Buy

Jefferies analyst Rob Dickerson initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Buy rating and a price target of $34.00.

The analyst commented, "We initiate coverage on Oatly Group, the world's largest manufacturer of dairy alternative oat-based products, with a Buy rating and a $34 PT. Given the plant-based tailwind backing the brand along with a ~$900bn TAM, combined with a planned capacity expansion to drive margins and to meet heightened global demand, OTLY has a long runway for sustained, elevated growth and margin expansion vs. CPG peers, in our view."

For an analyst ratings summary and ratings history on Oatly Group AB click here. For more ratings news on Oatly Group AB click here.

Shares of Oatly Group AB closed at $28.73 yesterday.

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