Wells Fargo lowered the firm’s price target on Coty (COTY) to $4 from $5 and keeps an Equal Weight rating on the shares post the fiscal Q4 report. The firm believes stabilization in the company’s revenue, profit, and debt leverage are required in the coming months. It reduced estimates following the earnings print.
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Read More on COTY:
- 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
- Coty downgraded to Hold at Jefferies amid ‘ongoing issues’