Citigroup Maintains Neutral on Coty, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Neutral rating on Coty (NYSE:COTY) and lowers the price target from $13 to $12.

April 16, 2024 | 11:54 am
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Citigroup has maintained a Neutral rating on Coty and reduced the price target from $13 to $12.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Coty's stock price. The Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowering of the price target suggests a revision of the expected stock performance, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100