Stock Track | Coty Plummets 5.08% Intraday Amid Multiple Analyst Price Target Cuts

Stock Track
Feb 09

Coty Inc. (COTY) saw its shares plummet 5.08% during Monday's intraday trading session, following a series of bearish analyst actions.

The sharp decline came as several major financial institutions lowered their price targets on the beauty company. Barclays cut its target to $2.50 from $3.00 while maintaining an Underweight rating. RBC Capital reduced its target to $8.00 from $10.00, and Morgan Stanley lowered its target to $3.50 from $4.25. Deutsche Bank also joined the trend, cutting its price target to $3.00 from $4.00.

Analysts cited concerns over weaker fundamentals, an unclear turnaround trajectory, and ongoing structural headwinds facing the company. The collective downward revisions from multiple firms contributed to significant selling pressure on the stock during the trading day.

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