Tiger Brokers

BUZZ-Coty rises after Citi upgrades to 'neutral'

Reuters
Mar 20, 2025
BUZZ-Coty rises after Citi upgrades to 'neutral'

** U.S.-listed shares of CoverGirl parent Coty COTY.N up 3.6% at $5.74 premarket

** Citi upgrades stock to "neutral" rating from "buy", raises PT to $8 from $7

** Citi says market is not assigning value to co's potential sale of the Wella stake, which COTY targets by end of CY25, expects proceeds to go largely to share repurchases

** Believes co's lowered medium-term targets reduce risk of disappointments, sees potential for re-acceleration throughout FY 2026

** Says valuation already reflects concerns including trends in consumer beauty remaining challenged

** Average rating of 20 analysts on stock is "buy"; with a median PT of $8 - data compiled by LSEG

** COTY has fallen 20% YTD, as of last close

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10