Oatly Group AB (OTLY) PT Lowered to $2 at Barclays

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Oatly (OTLY) cut at JPMorgan as uncertainty levels increase

August 2, 2023 9:57 AM EDT

JPMorgan analyst Ken Goldman downgraded Oatly (NASDAQ: OTLY) to Neutral from Overweight in a note to clients Wednesday.

The analyst told investors that the oat milk company's growth story has become "increasingly opaque."

"Though we see a number of potential positives ahead, including (a) a... More