TD Cowen lowered the firm’s price target on Coty (COTY) to $3.40 from $3.50 and keeps a Hold rating on the shares. The firm adjusted targets in the beauty space as part of a Q4 preview. TD sees the most upside potential at Estee Lauder on improving China trends and sustained U.S. momentum. Beauty trends appear solid, which should drive revenue upside for all companies, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COTY:
- Coty price target lowered to $3 from $3.50 at Barclays
- Coty assumed with a Hold at Jefferies
- Vizsla, Coty, Kalaris, Annexon, Brown & Brown Trending
- Midday Fly By: Wegovy weight loss pill approved, ServiceNow inks security deal
- Coty downgraded, Spruce Biosciences initiated: Wall Street’s top analyst calls