Coty price target lowered to $14.50 from $17 at DA Davidson

DA Davidson analyst Linda Bolton Weiser lowered the firm’s price target on Coty to $14.50 from $17 and keeps a Buy rating on the shares. The firm cites the company’s Q1 organic sales growth guidance cut, noting that category growth has slowed in the U.S., while retailers are reducing inventory in the U.S., Australia, China, and Asia travel retail, the analyst tells investors in a research note. DA Davidson is also cutting its Coty FY25 revenue view to $6.24B from $6.43B and its FY26 view to $6.67B from $6.88B.