Piper Sandler analyst Michael Lavery raised the firm’s price target on Oatly Group to $4 from $3 and keeps an Overweight rating on the shares. The company has partnered with co-packer Ya YA Foods, generating more sale-leaseback proceeds than expected and giving it a "capable, experienced partner," Lavery tells investors in a research note. The analyst says the deal adds a vote of confidence for Oatly Group.
Published first on TheFly
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