Citi analyst Wendy Nicholson attributes the 5% selloff yesterday in shares of Coty (COTY) following its acquisition of 43 Procter & Gamble (PG) beauty brands to selling on the news and the feeling that synergy and earnings accretion targets are not big enough. Also, reality may be setting in that these brands need fixing, Nicholson tells investors in a research note. She believes investors don't need to rush into the stock as potential positives from the deal are "far enough away." The analyst prefers to stay on the sidelines and keeps a Neutral rating on Coty.

Deutsche Bank lowered the firm's price target on Procter & Gamble to $171 from $172 and keeps a Buy rating on the shares following the fiscal Q3 report.

Raymond James raised the firm's price target on Procter & Gamble to $178 from $175 and keeps an Outperform rating on the shares after fiscal Q3 EPS of $1.52 came in well above the firm's estimate and consensus. P&G continues to grow profitability ahead of peers even as top-line growth decelerates, notes the firm, which raised its FY24 EPS estimate to $6.56 from $6.44.

Evercore ISI raised the firm's price target on Procter & Gamble to $177 from $175 and keeps an Outperform rating on the shares. While "understandably" the focus in the earnings call was on the drivers of sales slowing to 3%, comps considered, this 3% rate already marks a rebound versus prior Q2 on a two-year stack and three-year run rate basis, says the analyst, who adds that calendar 2025 Street expectations "strike us as conservative."