Piper Sandler analyst Korinne Wolfmeyer raised the firm’s price target on Inter Parfums to $170 from $160 and keeps an Overweight rating on the shares. The analyst reiterated e.l.f. Beauty (ELF) as a top idea and are also moved Coty (COTY) to a top idea following a round of beauty store checks in Chicago and recent positive company updates from Coty. The firm also tightening up its models and price targets for a number of covered beauty names. In short, Piper continues to favor names with healthy growth and margins, brand momentum, and exposure to secular tailwinds, and views both Coty and e.l.f. as best positioned.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on IPAR:
- Inter Parfums price target raised to $172 from $150 at BWS Financial
- Inter Parfums price target raised to $158 from $126 at DA Davidson
- Inter Parfums price target raised to $160 from $130 at Piper Sandler
- Inter Parfums board raises annual cash dividend rate 25% to $2.50 per share
- Inter Parfums raises FY23 EPS view to $4.00, consensus $3.74
