JP Morgan Maintains Neutral on Coty, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Coty (NYSE:COTY) and lowers the price target from $11 to $10.
October 15, 2024 | 5:15 pm
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JP Morgan has maintained its Neutral rating on Coty but has lowered the price target from $11 to $10, indicating a slightly less optimistic outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on Coty's short-term performance, which could lead to a negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100