Coty price target lowered to $5 from $6 at Wells Fargo

Wells Fargo analyst Chris Carey lowered the firm’s price target on Coty (COTY) to $5 from $6 and keeps an Equal Weight rating on the shares. The firm is refreshing its global sell-in/sell-through framework one last time before EPS kicks off next week. The final cut of U.S. data is likely to accelerate jitters on consumption, even as emerging market data felt a positive offset for multi-nationals.