. JPMorgan slapped a neutral rating on the company, saying competition is set to increase in the space. Morgan Stanley rated the company equal weight, with Oppenheimer initiating coverage with a perform rating. Other firms, however, are bullish, with Jefferies, Credit Suisse and Piper Sandler putting a buy-equivalent rating on the stock.
Shares of Oatly are still up more than 15% for the month.Shares of the payments company rose over 4% after Deutsche Bank reiterated its buy rating on the stock. "SQ has morphed into a two-sided financial ecosystem that continues to expand total addressable market and beat expectations and we see continued momentum on the horizon," Deutsche Bank told clients.
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