Coty shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $11 to $12.
Portfolio Pulse from Benzinga Newsdesk
Coty shares rose following an upgrade by Jefferies from Hold to Buy, with a price target increase from $11 to $12.
October 07, 2024 | 2:36 pm
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POSITIVE IMPACT
Jefferies upgraded Coty from Hold to Buy and increased the price target from $11 to $12, leading to a rise in Coty's stock price.
The upgrade from Jefferies is a positive signal to investors, suggesting confidence in Coty's future performance. The increase in price target further supports this positive outlook, likely leading to increased buying interest and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100