Citi analyst Filippo Falorni has maintained their neutral stance on COTY stock, giving a Hold rating yesterday.
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Filippo Falorni has given his Hold rating due to a combination of factors involving both recent performance and forward visibility. Coty’s latest quarter showed sales and EPS broadly matching expectations, but weaker gross margin and EBITDA, followed by softer-than-anticipated guidance for the next quarter and a sharp share price decline after management withdrew its longer-term profit and cash flow targets.
He acknowledges that management has begun reasonable strategic and operational initiatives, especially in Consumer Beauty, yet believes overall visibility remains limited while the interim CEO’s review is ongoing. Key uncertainties include how much incremental investment will be needed, how quickly operational changes can benefit results, and the outlook beyond the next quarter, leading him to stay Neutral and trim his target price rather than recommend buying or selling aggressively.
In another report released yesterday, TipRanks – xAI also reiterated a Hold rating on the stock with a $2.50 price target.
COTY’s price has also changed dramatically for the past six months – from $4.900 to $2.660, which is a -45.71% drop .