TD Cowen Reiterates Buy Rating on Coty Inc. (COTY)

TD Cowen analyst Oliver Chen reiterated a Buy rating and $13.00 price target on Coty Inc. (NYSE: COTY).

The analyst commented, "We continue to believe COTY is an underappreciated story given its strength and authority in prestige fragrance, which remains a bright spot in beauty, and opportunities to expand categories, distribution/channels, and markets. COTY's +6-8% growth outlook algorithm over the medium term appears achievable given the consistency of the model, and we remain Buy rated and maintain our PT of $13."

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 $10.13 yesterday.

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