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Oatly Group AB (OTLY) PT Lowered to $1.20 at CFRA

July 24, 2024 12:49 PM EDT

CFRA analyst Arun Sundaram lowered the price target on Oatly Group AB (NASDAQ: OTLY) to $1.20 (from $1.30) while maintaining a Hold rating.

The analyst comments "We lower our 12-month target to $1.20 from $1.30 calculated using an unchanged EV/sales multiple of 1.2x our 2024... More