Coty Would Gain Restoration Of Supply Levels, Encouraging Competitor Signals - Analyst Ahead Of Q1
Portfolio Pulse from Nabaparna Bhattacharya
RBC Capital Markets analyst Nik Modi has reiterated an Outperform rating on Coty Inc. (COTY) with a price target of $14.00. Modi expects Coty to cross the consensus bar this quarter due to the restoration of supply levels and positive signals from competitors. Despite Estee Lauder's (EL) recent weakness in China, Coty's low exposure to the region and continued expansion into mainland China and Asia travel retail are seen as beneficial. Coty's shares are trading higher by 2.54% to $9.88.
November 03, 2023 | 7:13 pm
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NEGATIVE IMPACT
Estee Lauder's recent weakness in China is noted, but it is not expected to significantly impact Coty Inc. due to its low exposure to the region.
Estee Lauder's recent weakness in China is noted in the analysis. However, it is not expected to significantly impact Coty Inc. due to its low exposure to the region. This suggests a negative outlook for Estee Lauder but a neutral to positive impact for Coty.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Coty Inc. is expected to perform well this quarter due to the restoration of supply levels and positive signals from competitors. The company's low exposure to China and continued expansion into mainland China and Asia travel retail are seen as beneficial.
The analyst from RBC Capital Markets has reiterated an Outperform rating on Coty Inc., indicating a positive outlook for the company. The restoration of supply levels and positive signals from competitors are expected to contribute to the company's performance. Additionally, despite Estee Lauder's recent weakness in China, Coty's low exposure to the region and continued expansion into mainland China and Asia travel retail are seen as beneficial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100