Barclays lowered the firm’s price target on Coty (COTY) to $2.50 from $3 and keeps an Underweight rating on the shares. The firm believes the company’s transformation will take time.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COTY:
- Coty Inc Charts AI-Fueled Turnaround Amid Margin Squeeze
- Coty price target lowered to $2.50 from $3 at BofA
- Coty price target lowered to $3 from $3.50 at Citi
- Maintaining a Hold on Coty Amid Weaker Guidance, Strategy Uncertainty, and Limited Visibility
- Coty reports Q2 adjusted EPS 14c, consensus 18c