Coty price target lowered to $3.50 from $4 at BofA

BofA analyst Anna Lizzul lowered the firm’s price target on Coty (COTY) to $3.50 from $4 and keeps an Underperform rating on the shares after Q4 results were weaker than expected and the company said it expects Q1 adjusted EBITDA to decline at a mid-to-high teens percentage and Q2 to decline at a low-to-mid teens percentage. Following the report, the firm is adjusting its own estimates for weaker FY26 outlook.