UPDATE: Piper Sandler Starts Coty Inc. (COTY) at Neutral

(Updated - June 30, 2022 6:28 AM EDT)

Piper Sandler analyst Korinne Wolfmeyer initiates coverage on Coty Inc. (NYSE: COTY) with a Neutral rating and a price target of $8.00.

The analyst comments "While we’re bullish on the beauty category as a whole and like the efforts COTY is making to stay at the forefront of emerging beauty trends (adoption of AI/AR capabilities, expanding further into skincare) as well as going through strategic reshaping and restructuring, we are on the sidelines with this name."

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 $7.85 yesterday.

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