Coty cuts annual profit forecast, posts quarterly revenue drop as cosmetics demand slows
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February 12, 2025 5:11 AM EST
Raymond James analyst Olivia Tong lowered the price target on Coty Inc. (NYSE: COTY) to $9.00 (from $10.00) while maintaining a Outperform rating.
The analyst comments "COTY reported F2Q sales below expectations, with LFL declining -1% y/y vs. our +2% estimate and consensus. While Prestige Fragrance grew high single digits even against more challenging comps, trends worsened in China, Travel Retail... More
February 11, 2025 8:16 AM EST
DA Davidson analyst Linda Bolton Weiser lowered the price target on Coty Inc. (NYSE: COTY) to $12.00 (from $12.50) while maintaining a Buy rating.
The analyst comments "BUY-rated COTY reported a F2Q25 EBITDA beat, but organic sales were -1%, below... More
