Morgan Stanley lowered the firm’s price target on Coty (COTY) to $3.50 from $4.25 and keeps an Equal Weight rating on the shares. Q2 results were slightly below plan, but well-below consensus Q3 EBITDA guidance and the withdrawal of FY26 guidance was “the key negative,” the analyst tells investors in a post-earnings note. This highlights a lack of visibility, with execution under a new interim CEO the key from here, the analyst added.
Claim 55% 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 price target lowered to $2.50 from $3.50 at Canaccord
- Coty price target lowered to $2.50 from $3.80 at Goldman Sachs
- Coty Inc.: Turnaround Ambitions Tempered by Limited Visibility and Structural Headwinds – Maintaining Hold
- Coty: Weaker Fundamentals and Unclear Turnaround Offset by Compressed Valuation, Justifying Hold
- Coty price target lowered to $2.50 from $3 at Barclays