Coty Inc. (COTY) PT Lowered to $10 at RBC Capital

RBC Capital analyst Nik Modi lowered the price target on Coty Inc. (NYSE: COTY) to $10.00 (from $12.00) while maintaining a Outperform rating.

The analyst comments "Results were largely in line with consensus expectations. That said, the company's 1H'26 guidance was underwhelming, although it was known that 1H'26 would continue to be pressured. Further, the absence of a FY guide may have been off-putting for investors. However, with where COTY's stock is trading now, similar to 2020 levels when Sue Nabi became CEO, we believe that shares are undervalued. COTY fundamentals have vastly been improved since 2020, warranting higher valuation despite near- term dynamics. We slightly lower our PT to $10 (from $12), but reiterate Outperform."

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