Raymond James Maintains Outperform on Coty, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has maintained an 'Outperform' rating on Coty (NYSE:COTY), but lowered the price target from $15 to $13.

October 23, 2023 | 12:53 pm
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NEUTRAL IMPACT
Coty's price target has been lowered from $15 to $13 by Raymond James, though the 'Outperform' rating is maintained.
The news directly pertains to Coty as the price target has been lowered by Raymond James. However, the 'Outperform' rating is maintained, indicating that the analyst still expects the stock to do better than the market average. This could have a neutral impact on the stock as the lowered price target might cause some investors to sell, but the maintained 'Outperform' rating could also attract new investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100