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The Ratings Game: Oatly upgraded at JPMorgan on attractive valuation, but analysts say the company could miss sales expectations

Oatly Group AB was upgraded to overweight from neutral at JPMorgan based on the company’s top-line potential, which that analysts say isn’t accurately reflected in the company’s valuation.

JPMorgan maintained its $21 price target, which implies a more-than 40% upside to current levels.

Oatly OTLY stock was trading Friday below $15 after falling…

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