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Fly News Breaks for May 11, 2018
COTY
May 11, 2018 | 06:14 EDT
DA Davidson analyst Linda Bolton Weiser lowered her price target on Coty to $15.50 from $19.50 and kept her Neutral rating, citing "disappointing" sales and a "very weak cash flow performance" in Q3. Weiser also attributes the revenue beat to favorable FX and acquisition growth rather than organic growth, which also missed expectations of a 2% rate at "only 0.2%".
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