Citi analyst Filippo Falorni lowered the firm’s price target on Coty (COTY) to $6.50 from $8 and keeps a Buy rating on the shares. The company reported “solid” fisacal Q3 sales and lowered its fiscal 2025 outlook, the analyst tells investors in a research note. Citi acknowledges the lack of near-term catalysts for Coty with the June investor day postponed and the Wella sale potentially delayed.
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Read More on COTY:
- Coty’s Market Challenges and Opportunities: A Hold Rating Amidst Near-Term Pressures and Strategic Uncertainties
- Coty’s Hold Rating Amidst Industry Challenges and Sales Declines
- Coty downgraded to Hold from Buy at Canaccord
- Coty Inc. Outlines Strategic Plans Amid Earnings Challenges
- Coty Inc’s Earnings Call: Growth Amid Challenges
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