Analyst Susan Anderson from Canaccord Genuity maintained a Hold rating on Coty and keeping the price target at $4.00.
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Susan Anderson’s rating is based on a combination of factors that reflect both the potential and challenges facing Coty. The company is focusing on its more profitable prestige business, particularly in fragrance and skin care, which is showing strong market performance. However, despite these positive trends, there is still significant work needed to reposition the company for sustainable growth.
Management’s strategic review of Coty’s consumer business, including the mass color cosmetics and Brazilian brands, indicates potential asset sales that could strengthen the balance sheet. While the fragrance segment is performing well, with strong demand and expansion into new product lines, the overall business requires careful navigation through strategic alternatives to enhance profitability. These mixed signals contribute to the Hold rating, as the company is in a transitional phase with both promising opportunities and existing challenges.
In another report released on October 14, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $4.50 price target.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COTY in relation to earlier this year.