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Fly News Breaks for May 10, 2017
COTY
May 10, 2017 | 08:57 EDT
JPMorgan analyst Andrea Teixeira recommends today's post-earnings rally in shares of Coty as a selling opportunity. Despite the sequential sales improvement in Q3, combined company net revenue declined 2% on a constant currency basis, Teixeira tells investors in a research note. Further, management guided down Q4 trends to be lower than Q3, the analyst points out. The analyst keeps an Underweight rating on Coty with a $16 price target.
News For COTY 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.
