Coty, Inc. (COTY) Misses Q3 EPS by 3c

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Go back to Coty, Inc. (COTY) Misses Q3 EPS by 3c

Piper Jaffray Cuts Price Target on Coty, Inc. (COTY) Following 3Q

May 4, 2016 8:58 AM EDT

Piper Jaffray maintained a Neutral rating on Coty Inc. (NYSE: COTY), and cut the price target to $29.00 (from $30.00), following the company's 3Q. COTY management provided a thorough review of the logic, synergies, and profit targets expected from the P&G Beauty merger.

Analyst Stephanie Wissink commented, "Our thesis... More

Coty, Inc. (COTY) Updates on P&G Beauty Brands Deal; Boosts Cost Savings Outlook

May 3, 2016 7:58 AM EDT

Coty Inc. (Coty) (NYSE: COTY) announced an update on its transaction with The Procter & Gamble Company (P&G), which is expected to close in October 2016.

On July 9, 2015, Coty announced that it had entered into a definitive agreement to acquire P&Gs Fragrance, Color Cosmetics and Hair Color Business (P&G Beauty Brands) through a Reverse Morris Trust... More