BofA lowered the firm’s price target on Coty (COTY) to $2.50 from $3 and keeps an Underperform rating on the shares post the fiscal Q2 report. The company’s growth is slowing across categories including fragrance, the analyst tells investors in a research note.
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Read More on COTY:
- 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
- Coty sees Q3 adjusted EPS ex-equity swap roughly breakeven, consensus 7c
- Unusually active option classes on open February 4th