Credit Suisse downgrades Oatly, cites greater consumer risk in Europe and Asia

A tough road lies ahead for Oatly, according to Credit Suisse. Analyst Kaumil Gajrawala downgraded the stock to neutral from outperform and slashed its price target to $3.43 from $6, roughly in line with where shares closed Monday at $3.30. The stock dipped 0.6% in Tuesday premarket trading. “We downgrade shares to Neutral ahead of … Read more

Amazon, Apple, Dow, Chipotle, Tyson

Here are Tuesday’s biggest calls on Wall Street: BMO downgrades Adobe to market perform from outperform BMO said it has structural concerns around the durability of the company’s Creative Cloud product. “We are moving to the sidelines on Adobe, and our timing is driven by receiving the second set of survey data focused on Adobe’s … Read more

Rent the Runway, Oracle, Wolfspeed and more

Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% of its corporate workforce. Additionally, Rent the Runway said it’s cutting $25 million to $27 million in fixed costs to deal with an uncertain macro backdrop. Oatly — The … Read more

Plant-based food stocks Beyond Meat, Oatly face a reset

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than half their value this year. The stocks are both high-profile and relative recent entrants to … Read more

Russia’s Ukraine conflict, big inflation report will keep the stock market volatile in coming week

Traders on the floor of the NYSE, Feb. 25, 2022. Source: NYSE Russia’s invasion of Ukraine will continue to be a major focus, as wary investors watch fresh inflation data and the rising price of oil in the week ahead. Stocks in the past week sold off in volatile trading, as oil rose more than … Read more