Coty among few volume growth names in Consumer Staples, says RBC Capital

RBC Capital keeps an Outperform rating with a $14 price target on Coty after the company reported a “straightforward” set of Q4 results that outperformed guidance and consensus expectations. Demand for beauty remains robust, leading to volume growth for the company, and its management also continues to benefit from China, given the recent entry into the region, the analyst tells investors in a research note. RBC adds that it sees ample opportunities for Coty to continue growing its brands through category, distribution, and geographic expansion, as well as innovation.