Coty price target lowered to $12 from $14 at Canaccord

Canaccord lowered the firm’s price target on Coty to $12 from $14 and keeps a Buy rating on the shares. The firm met with management who noted the US market slowed in the back half of 1Q25, and retailers in the U.S., Australia, China, and Asia Travel Retail are tightly managing inventory, resulting in Coty’s sell-ins tracking below sell-outs.