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.
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Read More on COTY:
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- 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