Canaccord lowered the firm’s price target on Coty (COTY) to $4 from $5 and keeps a Hold rating on the shares. The firm noted their Q4 results highlighted continuing struggles across the business. Although there was a topline and adj. EBITDA beat on low expectations, trends in 4Q worsened significantly versus the prior quarter and are expected to linger into 1Q26 across both mass and prestige.
Claim 30% 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 $4 from $5 at Wells Fargo
- Coty Inc. Navigates Challenges with Strategic Focus
- Coty’s Hold Rating: Balancing Risks and Opportunities Amidst Underperformance and Fragrance Resilience
- Coty price target lowered to $3.50 from $4 at BofA
- Coty price target lowered to $3.50 from $4.50 at Barclays