Canaccord Genuity Initiates Coverage On Coty with Buy Rating, Announces Price Target of $14
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Susan Anderson initiates coverage on Coty Inc. (COTY) with a Buy rating and sets a price target of $14. This new coverage could influence investor sentiment and potentially impact Coty's stock price in the short term.

April 15, 2024 | 10:31 am
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Canaccord Genuity analyst Susan Anderson has initiated coverage on Coty Inc. with a Buy rating and a price target of $14, potentially impacting its stock price positively in the short term.
Analyst ratings, especially from reputable firms like Canaccord Genuity, can significantly influence investor sentiment and stock prices. A Buy rating coupled with a price target that suggests substantial upside from the current trading price is likely to be viewed positively by the market. Given the direct impact of this new coverage on Coty, it's reasonable to expect a positive short-term reaction in its stock price, assuming market conditions do not deteriorate.
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