Coty shares are trading lower after Citigroup maintained a Neutral rating on the stock but lowered its price target from $12 to $11.
Portfolio Pulse from Benzinga Newsdesk
Coty's stock is trading lower after Citigroup maintained a Neutral rating but lowered its price target from $12 to $11.
October 11, 2023 | 6:27 pm
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Coty's shares are trading lower due to Citigroup's lowered price target from $12 to $11, despite maintaining a Neutral rating.
The lowered price target by Citigroup, a major financial institution, has led to a decrease in Coty's stock price. Despite the Neutral rating, the reduced price target indicates a less optimistic outlook for the company's stock, which has likely influenced investors to sell, leading to the stock trading lower.
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