Raymond James Maintains Outperform on Coty, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong maintains an Outperform rating on Coty (NYSE:COTY) but lowers the price target from $14 to $13.
October 15, 2024 | 4:55 pm
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Raymond James has maintained its Outperform rating on Coty but has lowered the price target from $14 to $13, indicating a slight decrease in expected future performance.
The maintenance of an Outperform rating suggests continued confidence in Coty's performance, but the lowered price target indicates a tempered outlook on its future stock price. This could lead to a slight negative impact on the stock price in the short term as investors adjust expectations.
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