Coty price target lowered to $10 from $10.50 at Citi

Citi lowered the firm’s price target on Coty to $10 from $10.50 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the beverage and household and personal care space. The firm expects a slowdown in organic sales growth across the group with pricing contribution slowing in the U.S.