Coty (COTY) Stock: $14 Price Target From Raymond James

By Amit Chowdhry ● Nov 15, 2021
  • The shares of Coty Inc (NYSE: COTY) have received a price target of $14 from Raymond James. These are the details.

The shares of Coty Inc (NYSE: COTY) have received a price target of $14 from Raymond James. And Raymond James analyst Olivia Tong upgraded Coty to “Outperform” from “Market Perform.”

Tong noted that after a multi-year period of veering too far in one direction in pursuit of top-line growth and then too far in the opposite direction prioritizing margins, the company is on more solid footing to offer upside.

And with cost savings delivery and Advertising and Consumer Promotions (A&CP) spending already at 26% of sales, Tong believe Coty has ample flex for investing and driving margin upsides.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.