Coty price target lowered to $12 from $13 at Barclays

Barclays lowered the firm’s price target on Coty to $12 from $13 and keeps an Equal Weight rating on the shares. The company’s fiscal Q4 report marked the end of a strong year with the majority of sales and sales growth coming from prestige fragrances and mass cosmetics, the analyst tells investors in a research note. The firm expects to see an acceleration in Coty’s growth from white space areas, including skin care, in fiscal 2024.