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Fly News Breaks for August 25, 2015
COTY
Aug 25, 2015 | 08:47 EDT
JPMorgan analyst John Faucher resumed coverage of Coty (COTY) with a Neutral rating, which is down from the firm's Overweight rating prior to restriction. Faucher has a $31 price target on Coty, which is up from the $27 target the firm had prior to restriction, but the analyst said the timeline for the closing of Coty's deal with P&G (PG) and the potential for distraction limit upside in Coty shares.
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