Coty price target raised to $15 from $14 at Raymond James

Raymond James raised the firm’s price target on Coty to $15 from $14 and keeps an Outperform rating on the shares. Coty CEO Sue Nabi and CFO Laurent Mercier reiterated during their CAGNY presentation that the company is not seeing a slowdown in the fine fragrance market as well as its own sales outside of comping against a year-ago period that benefited from restocking and the known 2pt hit from the Lacoste exit, the analyst tells investors in a research note.