Why Oatly Stock Skidded to a Loss This Week

According to data compiled by S&P Global Market Intelligence, Oatly (OTLY 4.08%) shares lost more than 11% of their value across this week. That wasn't entirely unexpected, as two analysts cut their price targets on the stock, and quite drastically. Recommendations unchangedThe more aggressive reduction was made by Piper Sandler's Michael Lavery, who on Wednesday chopped his Oatly fair value assessment to $16 per share from$40. Despite the severity of the move, Lavery remained bullish on the company, as he ...