Jefferies Downgrades Coty to Hold, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Stephanie Wissink has downgraded Coty (NYSE:COTY) from Buy to Hold and lowered the price target from $16 to $14.
July 27, 2023 | 9:55 am
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Coty's rating has been downgraded from Buy to Hold by Jefferies, with a lowered price target from $16 to $14.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investors.
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