Wells Fargo Maintains Equal-Weight on Coty, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has maintained an Equal-Weight rating on Coty (NYSE:COTY) but has lowered the price target from $10 to $9.
October 15, 2024 | 1:45 pm
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Wells Fargo has maintained its Equal-Weight rating on Coty but reduced the price target from $10 to $9, indicating a less optimistic outlook.
The reduction in price target from $10 to $9 by Wells Fargo suggests a less optimistic view on Coty's future performance, which could lead to a negative short-term impact on the stock price. Maintaining the Equal-Weight rating indicates a neutral stance, but the lowered target reflects potential concerns.
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