Morgan Stanley Maintains Equal-Weight on Coty, Raises Price Target to $2.75
Morgan Stanley analyst Dara Mohsenian maintains Coty (NYSE:COTY) with a Equal-Weight and raises the price target from $2.5 to $2.75.
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Coty shares are trading lower after the company reported mixed Q4 financial results and issued Q1 adjusted EPS guidance below estimates. The company disclosed that the Gucci Beauty license exit will result in a step-down in FY28 sales and profit.
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8-K filing — COTY INC. (COTY)
Filed: 2026-08-20 AccNo: 0001024305-26-000050 Size: 257 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 9.01: Financial Statements and Exhibits
Read original at edgarCoty Posts Mixed Q4 Results, Joins Wolfspeed, ATRenew And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session
U.S. stock futures mixed, Nasdaq 100 up 0.1%. Coty Inc (COTY) shares down 7.7% after reporting losses in Q4 and exit of Gucci Beauty license.
Read original at benzinga