On Oct 15, major Wall Street analysts update their ratings for $Coty Inc (COTY.US)$, with price targets ranging from $10 to $15.
Morgan Stanley analyst Dara Mohsenian maintains with a hold rating, and maintains the target price at $12.
J.P. Morgan analyst Andrea Faria Teixeira maintains with a hold rating, and sets the target price at $10.
Citi analyst Filippo Falorni maintains with a hold rating, and adjusts the target price from $11 to $10.
Jefferies analyst Ashley Helgans maintains with a buy rating, and maintains the target price at $12.
Evercore analyst Robert Ottenstein maintains with a buy rating, and maintains the target price at $15.
Furthermore, according to the comprehensive report, the opinions of $Coty Inc (COTY.US)$'s main analysts recently are as follows:
The company's reduction in its first half of fiscal 2025 guidance while maintaining its 2025 EBITDA range due to increased cost savings was noted. This adjustment suggests there could be strains on the company's performance outlook for the second half of the year.
There is an anticipation of a deceleration in organic sales growth within the beverage and household and personal care sector, with a notable slowing of pricing contributions in the U.S. market.
Following Coty's disclosure of fiscal Q1 sales and adjusted EBITDA falling short of their forecasts, and the anticipation of Q2 outcomes potentially being beneath the current consensus, there remains a steadfast expectation for full-year adjusted EBITDA growth of 9%-11%. This projection suggests a significant year-over-year growth in the latter half of the fiscal year, considering the slight growth observed in the initial half. Correspondingly, there has been a revision of long-term estimates and a recalibration of the valuation multiple to mirror the increased ambiguity surrounding both the company's and the industry's sales trajectories.
The visibility conundrum announced by Coty indicates that there was an underestimation of the risk associated with retailer de-stocking in a decelerating category. The rapidness of the category's slowdown and the severity of the retailer reductions was unexpected. Coty anticipates its Q1 like-for-like revenue to increase by 4%-5% and EBITDA to be flat or slightly lower. For Q2, it projects only moderate like-for-like growth, with an expectation for some acceleration in growth in the latter half of the year. However, Coty has not provided comments on its full-year revenue guidance, suggesting issues with revenue visibility, even though it has reaffirmed its EBITDA growth forecast of 9%-11%.
Here are the latest investment ratings and price targets for $Coty Inc (COTY.US)$ from 8 analysts:
Note:
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