Coty Builds on Previous Transaction and Agrees to Sell Additional Partial Stake in Wella to KKR in Exchange for Approximately 56% of the Preferred Coty Shares Owned by KKR

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Go back to Coty Builds on Previous Transaction and Agrees to Sell Additional Partial Stake in Wella to KKR in Exchange for Approximately 56% of the Preferred Coty Shares Owned by KKR

Coty Inc. (COTY) PT Raised to $13 at Stifel

November 8, 2021 5:37 PM EST

Stifel analyst Mark S. Astrachan raised the price target on Coty Inc. (NYSE: COTY) to $13.00 (from $11.00) while maintaining a Hold rating.

The analyst commented, "We increase F2022-F2023 adjusted EBITDA estimates by 4%-5% following solid F1Q22 results. We also lift... More