RBC Capital lowered the firm’s price target on Coty (COTY) to $8 from $10 and keeps an Outperform rating on the shares. The company’s results this quarter beat on organic sales, while the present marks a transitional moment for the company as Markus Strobel takes the helm to restore growth, the analyst tells investors in a research note.
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Read More on COTY:
- Coty price target lowered to $3.50 from $4.25 at Morgan Stanley
- Coty price target lowered to $2.50 from $3.50 at Canaccord
- Coty price target lowered to $2.50 from $3.80 at Goldman Sachs
- Coty Inc.: Turnaround Ambitions Tempered by Limited Visibility and Structural Headwinds – Maintaining Hold
- Coty: Weaker Fundamentals and Unclear Turnaround Offset by Compressed Valuation, Justifying Hold