Citi Reiterates Neutral Rating on Coty Inc. (COTY)

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Coty Inc. (COTY) PT Lowered to $11 at Jefferies

October 16, 2024 9:57 AM EDT

Jefferies analyst Ashley Helgans lowered the price target on Coty Inc. (NYSE: COTY) to $11.00 (from $12.00) while maintaining a Buy rating.

The analyst comments "We attended a sell-side meeting with COTY's CEO and CFO in NYC today. The discussion focused on: 1) Topline guidance lower,... More

Coty Inc. (COTY) PT Lowered to $12 at Deutsche Bank

October 16, 2024 6:19 AM EDT

Deutsche Bank analyst Faiza Alwy lowered the price target on Coty Inc. (NYSE: COTY) to $12.00 (from $14.00) while maintaining a Buy rating.

The analyst comments "Late yesterday, COTYpre-announced weaker FY1Q25 results (specifying FY1Q LFL sales growth of only ~+4%-5% vs. original expectations of +6%), given pockets of slowing demand and retailer destocking. In addition, as FY1Q dynamics extend, COTY now... More

Coty Inc. (COTY) PT Lowered to $14.50 at DA Davidson

October 16, 2024 5:49 AM EDT

DA Davidson analyst Linda Bolton Weiser lowered the price target on Coty Inc. (NYSE: COTY) to $14.50 (from $17.00) while maintaining a Buy rating.

The analyst comments "BUY-rated COTY pre-announced F1Q25E organic sales +4%-5% Y/Y, slightly below guidance of +6%.... More

RBC Capital Reiterates Outperform Rating on Coty Inc. (COTY)

October 15, 2024 6:29 AM EDT

RBC Capital analyst Nik Modi reiterated an Outperform rating and $14.00 price target on Coty Inc. (NYSE: COTY).

The analyst comments "While COTY has been defying odds for more than three years, the reality of the normalizing beauty category was reflected in preliminary... More

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

October 15, 2024 6:26 AM EDT

JPMorgan analyst Andrea Teixeira lowered the price target on Coty Inc. (NYSE: COTY) to $10.00 (from $11.00) while maintaining a Neutral rating.

The analyst comments "Coty Inc (COTY, N-rated) pre-announced its F1Q25 earnings after market close today ahead of an investor event tomorrow at Maison... More

After-hours movers: ExxonMobil, Coty, Trump Media & Technology, and more

October 14, 2024 4:53 PM EDT

After-Hours Stock Movers:

Coty (NYSE: COTY) declined 4% after it warned sales were impacted by retailer caution and an incrementally slower U.S. market. In total, Cotys Q1 sales grew approximately 4-5% LFL, despite the very elevated... More

Coty (COTY) Falls 6% After Lowering Guidance

October 14, 2024 4:35 PM EDT

Coty (NYSE: COTY) Falls 6% After Lowering Guidance

In total, Cotys Q1 sales grew approximately 4-5% LFL, despite the very elevated comparison of the prior year, though moderately below its prior Q1 estimated growth of 6% LFL.

... More

Coty (COTY) Reports Prelim Q1 Results, Reiterates FY25 Adjusted EBITDA Outlook

October 14, 2024 4:31 PM EDT

Coty (NYSE: COTY) today announced preliminary Q1 results while reiterating its full year profit target.

The global beauty market has maintained solid but slightly lower global growth. Within this backdrop, the prestige fragrance category continues to outperform, supported by expansion in both volumes and price/mix, while mass beauty continues to experience slower growth trends fueled entirely by unit demand. While beauty growth remains resilient in many parts of the world, the U.S. market growth has slowed in the second half of Q1. For Coty, very tight order and inventory... More