Coty downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Coty (COTY) to Market Perform from Outperform without a price target The firm expects a “tepid” earnings season across the beauty, personal care, and household product group for Q1 as a result of decelerating sales, most notable in the U.S., but also spreading to Europe and Latin America. Demand is slowing as consumers watch their spending on everyday goods, while retailers appear to be prioritizing categories most at risk for tariff-related increases, the analyst tells investors in a research note. Raymond James cut estimates for Coty and downgraded the shares citing its tough compares, category pressures, and peak margins.