TD Cowen lowered the firm’s price target on Coty (COTY) to $3.75 from $4 and keeps a Hold rating on the shares. The firm updated its model to reflect new revneu growth estimates while listing several risk factors including post-holiday destocking, promos, mass cosmetics pressure, and slower US recovery.
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Read More on COTY:
- Coty initiated with a Neutral at Rothschild & Co Redburn
- Coty’s Balanced Outlook: Promising Developments Amid Market Challenges
- Coty’s Financial Outlook: Hold Rating Amidst Sales Decline and Margin Pressures
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