Coty price target lowered to $12 from $12.50 at DA Davidson

DA Davidson lowered the firm’s price target on Coty (COTY) to $12 from $12.50 and keeps a Buy rating on the shares. The company reported a Q2 EBITDA beat, but its organic sales fell 1% vs. expected growth of 1%-2%, the analyst tells investors in a research note. Mass beauty category global point-of-sale growth also slowed to low-single digits from mid-single digits in Q1, the firm added.