Coty price target raised to $17 from $15 at DA Davidson

DA Davidson raised the firm’s price target on Coty to $17 from $15 and keeps a Buy rating on the shares after its Q3 results. The company’s organic sales were up 18%, with all regions up double-digits, the analyst tells investors in a research note. After being down in two of the last three quarters, Coty’s gross margin should now benefit from easing COGS inflation, the firm added.