BMO Capital Starts Coty Inc. (COTY) at Outperform

BMO Capital initiates coverage on Coty Inc. (NYSE: COTY) with a Outperform rating and a price target of $24.00.

Analyst Shannon Coyne commented, "We are initiating coverage of Coty (COTY) with an Outperform rating. At 10.6x EV/EBITDA, or a 20% discount to the group, we believe COTY shares present a call option (we see two-to-one upside vs. 10% downside) for potential EPS power of $1.80 in FY20E , which represents 4% organic growth and a 20% four-year EPS CAGR compared with Street expectations for 1.5-2.0% top-line growth and 10-15% EPS growth."

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 $18.62 yesterday.

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