Duty-free demand, cost cuts drive Coty's rosy forecast
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
KKR Converts Remaining Stake in Coty (COTY) into Nearly 20M Common Shares
November 10, 2021 8:16 AM ESTCoty Inc. (NYSE: COTY) today announced the sale of KKRs remaining 2.4% ownership stake in Coty, converted into approximately 20 million common shares. This transaction follows three earlier transactions over the last three months, as a result of which KKR fully exits Coty. Following the completion of the transaction, Cotys convertible preferred share balance totals approximately $146 million, or the equivalent of approximately 23 million common shares, held by Cotys Chairman of the Board Peter Harf.
The latest transaction will further simplify Cotys capital structure and result in additional annual... More
Coty Inc. (COTY) PT Raised to $11.50 at DA Davidson
November 9, 2021 7:01 AM ESTDA Davidson analyst Linda Bolton Weiser raised the price target on Coty Inc. (NYSE: COTY) to $11.50 (from $10.50) while maintaining a Neutral rating.
The analyst commented, "Coty's F1Q22 sales slightly exceeded consensus and were +22% vs. an easy COVID-impacted comp of -20%. EBITDA... More
Coty Inc. (COTY) PT Raised to $13 at Stifel
November 8, 2021 5:37 PM ESTStifel 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
