Kardashian color cosmetics launch would be positive for Coty, says Jefferies

Jefferies analyst Ashley Helgans notes that in a post on Instagram, Kim Kardashian alluded to launching color cosmetics under her SKKN brand. There have been concerns the Kardashians may repurchase their brands from Coty, but the analyst believes this hint suggests the brands will remain in the portfolio, adding that the addition of a prestige color cosmetics line would be a positive for Coty’s assortment. The firm has a Hold rating and $11 price target on Coty shares.