Piper Sandler Reiterates Overweight Rating on Coty Inc. (COTY)

Piper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating and $15.00 price target on Coty Inc. (NYSE: COTY) after reviewing Gen Z survey results.

"The core beauty wallet stood at $313/year this survey, up 19% Y/Y and also surpassing the historical average of $294 for the first time since Spring 2019. All categories grew, though cosmetics and fragrance (COTY’s two largest categories) grew the fastest at +32% and +12% Y/Y, respectively. COTY had a number of fragrance brands (~60% of total sales) rank in the top 10 for both males and females, including Gucci and Calvin Klein for OW, PT $15 males and Marc Jacobs, Gucci, and Burberry for females."

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 $12.12 yesterday.

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