Grupo Santander analyst Mariano Szachtman downgraded Coty (COTY) to Neutral from Outperform with a $3.50 price target The firm says the company’s “transition phase” could last longer given the CEO change. Evercore ISI also downgraded Coty post the news.
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Read More on COTY:
- Coty: Leadership Transition and Structural Brand Challenges Keep Risk‑Reward Balanced at Hold
- Evercore ISI cuts Coty to In Line after CEO Nabi stepping down
- Coty downgraded to In Line from Outperform at Evercore ISI
- Coty Overhauls Leadership With New Executive Chairman CEO
- Coty: Balance Sheet Progress Offset by Leadership and Licensing Uncertainty Supports Hold Rating