On Oct 16, 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.
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.
TD Cowen analyst Oliver Chen maintains with a buy rating, and maintains the target price at $11.
Stifel analyst Mark Astrachan maintains with a hold rating, and adjusts the target price from $11 to $10.
Furthermore, according to the comprehensive report, the opinions of $Coty Inc (COTY.US)$'s main analysts recently are as follows:
The firm has revised its outlook on Coty, following a meeting with the company's management and subsequent to a negative pre-announcement.
The company has revised its guidance downwards for the first half of fiscal 2025, yet maintained its 2025 EBITDA outlook due to increased cost savings. There is an anticipation of challenges affecting the company's performance in the latter half of the year.
Anticipation of a deceleration in organic sales growth within the beverage and household and personal care sector is evident, with a slow down in pricing contributions in the U.S. market expected as well.
The firm noted that Coty's shortfall in its 1Q25 performance is largely attributable to transient modifications in retailer inventories within the US mass beauty segment, while emphasizing that the Prestige category continues to exhibit stability despite more challenging comparisons.
Following Coty's announcement of fiscal Q1 sales and adjusted EBITDA falling short of its guidance, with expectations for Q2 results to also be under consensus, the outlook remains cautious. Despite maintaining full-year adjusted EBITDA growth projections of 9%-11%, the updated guidance suggests a significant surge in growth for the second half of the fiscal year, contrasting with modest growth earlier. This has led to a revision of long-term estimates and an adjusted valuation multiple, taking into account the increased uncertainty surrounding the company's and the broader category's sales trajectories.
Here are the latest investment ratings and price targets for $Coty Inc (COTY.US)$ from 8 analysts:
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