Fly News Breaks for June 16, 2015
PG, COTY
Jun 16, 2015 | 08:07 EDT
After The New York Post reported that Coty (COTY) had won an auction for three Procter & Gamble (PG) beauty units, Stifel thinks the deal will raise Coty's fiscal 2017 EPS to $1.54, versus the firm's previous estimate of $1.06. The firm thinks the fair value of Coty's shares if the deal is made will be $34-$35, and it calls the potential deal "a home run" for the company. Stifel keeps a Buy rating on the shares.
News For COTY;PG From the Last 2 Days
COTY
Apr 17, 2024 | 07:13 EDT
TD Cowen analyst Oliver Chen lowered the firm's price target on Coty to $13 from $16 and keeps a Buy rating on the shares. The firm said recent stock pullbacks of (13%) imply modest expectations ahead of earnings but they remain constructive on the category.