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Fly News Breaks for October 3, 2016
COTY
Oct 3, 2016 | 07:25 EDT
BofA/Merrill analyst Olivia Tong upgraded Coty to Buy with a $28 price target citing valuation. The analyst believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure.
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