TD Cowen lowered the firm’s price target on Coty (COTY) to $6.70 from $8.30 and keeps a Hold rating on the shares. The firm said they guided down given near-term challenges but fragrance remains resilient. Cowen expects continued pressure in the near term as softness in China and retailers tightening inventory, will likely lead to sell-in tracking below sell-out.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COTY:
- Coty’s Hold Rating: Navigating Near-Term Challenges with Stable Valuation and Revised Price Target
- Coty price target lowered to $7 from $9 at Morgan Stanley
- Coty price target lowered to $8 from $10 at Canaccord
- How Valentine’s Day Ignites a Multi-Billion-Dollar Love Affair with Profit
- Coty Inc. Reports Solid Financial Performance Amid Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue