Coty price target raised to $9 from $8 at JPMorgan

JPMorgan analyst Andrea Teixeira raised the firm’s price target on Coty to $9 from $8 and keeps a Neutral rating on the shares. The analyst expects price inflation to continue to drive sales momentum for the majority of the 14 household and personal care companies she covers in Q4. However, she anticipates "weak" earnings performance for most in the sector. The Q4 reports will not matter much, and guidance and commentary will be crucial to drive stocks in the short term, Teixeira tells investors in a research note.