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COTY

Coty

$15.66

-0.105 (-0.67%)

12:20
10/19/17
10/19
12:20
10/19/17
12:20

Far downside put buyers in Coty Inc as implied volatility moves higher

Far downside put buyers in Coty Inc as implied volatility moves higher. The stock down 12c to $15.64 and small lots of May 12 puts trade from 51 to 54c before 8.5K print for 55c on PHLX. 11.1K trade that that strike, which is 23.2% below spot. Jan 13 puts trade 1.8K and a Nov 15 - 16 strangle for $1.33 (or possibly risk-reversal). Meanwhile, 30-day implied volatility up 3.5% to 52-week highs of 48.5, with earnings expected 11/9.

COTY Coty
$15.66

-0.105 (-0.67%)

06/12/17
SOCG
06/12/17
INITIATION
Target $21
SOCG
Buy
Coty initiated with a Buy at Societe Generale
Societe Generale initiated Coty with a Buy and a $21 price target.
08/23/17
BMOC
08/23/17
NO CHANGE
BMOC
Coty earnings power still 'compelling,' says BMO Capital
BMO Capital analyst Shannon Coyne,says that Coty's Q2 results were "disappointing." The analyst remains concerned about the company's Consumer Beauty business, but she says that it is making progress in fixing it. Coyne calls the stock's risk/reward ratio and its earnings power "compelling" and keeps a $24 price target and an Outperform rating on the shares.
08/30/17
BREN
08/30/17
DOWNGRADE
BREN
Sell
Coty downgraded to Sell from Hold at Berenberg
10/17/17
DADA
10/17/17
INITIATION
Target $17.5
DADA
Neutral
Coty initiated with a Neutral at DA Davidson
DA Davidson analyst Linda Bolton Weiser initiated Coty with a Neutral and $17.50 price target. The analyst said the global beauty company has poor category, channel, and geographic positioning, high leverage, and a high valuation.

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