Deutsche Bank Starts Coty Inc. (COTY) at Buy

Deutsche Bank initiated coverage on Coty Inc. (NYSE: COTY) with a Buy rating and a price target of $20.00.

Analyst Bill Schmitz Jr said," Despite outsized European exposure and resulting organic growth slowdown, we believe Coty is well positioned to continue to capture growth in the rapidly expanding global prestige cosmetics industry. Middle class creation, urbanization and female workforce participation should drive a growth tailwind, with Coty maintaining share with continuous new product activity and ongoing diversifying acquisitions leveraging a highly cash generative business model."

For an analyst ratings summary and ratings history on Coty Inc. click here. For more ratings news on Coty Inc. click here.

Shares of Coty Inc. closed at $17.08 yesterday.

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