Coty shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $16 to $14.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has downgraded Coty's stock from Buy to Hold and reduced its price target from $16 to $14, leading to a decrease in Coty's share price.
July 27, 2023 | 2:57 pm
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Coty's stock has been downgraded by Jefferies from Buy to Hold, and its price target has been reduced from $16 to $14, causing a decrease in the share price.
The downgrade by Jefferies from Buy to Hold indicates a less optimistic outlook for Coty's stock. The reduction in the price target from $16 to $14 also suggests that Jefferies expects a lower future price for Coty's shares. This news has led to a decrease in Coty's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100