Coty price target raised to $14 from $13 at BofA

BofA analyst Anna Lizzul raised the firm’s price target on Coty to $14 from $13 and keeps a Buy rating on the shares ahead of the company’s investor day on July 6, at which Coty is expected to provide an update on its strategic pillars previously outlined in 2021 and details about its potential dual listing on the Paris Euronext. The firm expects to see greater investor interest as Coty “steadily executes on its strategic priorities to generate organic sales growth,” but adds that a potential dual listing “may not be a standalone catalyst.”