DA Davidson raised the firm’s price target on Oatly Group (OTLY) to $17 from $15 and keeps a Buy rating on the shares. The company is progressing towards its first year of positive adjusted EBITDA in FY25, evidenced by continued sequential progress during Q1 in supply chain efficiencies and overhead reductions, the analyst tells investors in a research note. Only the ongoing softness in plant based beverage consumption trends keeps the firm from “pounding the table” on the stock, DA Davidson added.
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