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0.00917431192660558 0.00917431192660558 0.00896024464831807 0.00917431192660558 0.00917431192660558 0.0214067278287463 0.0336391437308869 0.0290519877675842
Stock impact report

Why TD Cowen Remains Cautious on Coty Inc. (COTY) [Yahoo! Finance]

Coty Inc. Class A (COTY) 
Last coty inc. class a earnings: 2/5 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.coty.com
Company Research Source: Yahoo! Finance
Coty Inc. (NYSE:COTY) to $3.75 from $4.00, maintaining a ‘Hold' rating on the stock. The updated price target reflects a potential upside of about 13% from the current price level. According to the firm, this revision better reflects revenue growth estimates. Still, there are several risk factors, including “post-holiday destocking, promos, mass cosmetics pressure, and slower US recovery,” reported TheFly. Despite these challenges, TD Cowen highlighted some positive points for the company, mainly that U.S. prestige sell-in is expected to see growth reaccelerate in the second quarter, driven by ultra-premium products and fragrance mists. christina_pauchi/Shutterstock.com In the first quarter, Coty Inc. (NYSE:COTY) posted an EPS of $0.12, missing analyst estimates of $0.15, and revenue of $1.58 billion, in line with guidance. Although it witnessed an 8% drop in total net revenue, the company remains a key player in the global fragrance space. That said, the company expects a rebou Show less Read more
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