Coty price target lowered to $7 from $10 at Evercore ISI

Evercore ISI analyst Robert Ottenstein lowered the firm’s price target on Coty (COTY) to $7 from $10 and keeps an Outperform rating on the shares. Q4 results were as expected, but the outlook remains challenging, the analyst tells investors in a post-earnings note. Circana data shows Coty outperforming competitors like LVMH and Interparfums, though U.S. retailers being expected to continue destocking into fiscal 2026 leaves Coty heavily reliant on the back end, “creating a tough environment for Coty shares to gain traction,” says the analyst, who still sees the stock being undervalued on a sum-of-the-parts basis.