DA Davidson Reiterates Buy Rating on Coty Inc. (COTY)

DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating and $12.00 price target on Coty Inc. (NYSE: COTY).

The analyst commented, “In our updated prestige beauty social media survey, 3 of Coty's 6 brands held or moved up in rank, and 4 maintained or increased their followers. Luxury skincare brand Orveda had the most momentum, jumping 4 spots, with followers +46%. Gucci and philosophy each posted 1% follower growth. Coty recently announced the sale of its minority stake in SKKN by Kim, and we expect its Wella stake to be sold for at least $1B in CY25. We reiterate our BUY rating and $12 PT, based on 10x our CY26E EBITDA of $1,249M.”

For an analyst ratings summary and ratings history on Coty Inc. click here. For more ratings news on Coty Inc. click here.

Shares of Coty Inc. closed at $5.46 yesterday.

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