Morgan Stanley and Canaccord Lower COTY Price Targets After Q2 Results

This update came aft the institution reported Q2 results, which Morgan Stanley noted were somewhat beneath plan. The company’s Q3 EBITDA guidance was good beneath statement estimates. Morgan Stanley pointed retired that “the cardinal negative” was the withdrawal of the fiscal 2026 guidance. The probe steadfast pointed to a deficiency of visibility. Morgan Stanley believes that execution nether the caller interim CEO volition present beryllium important for Coty Inc. (NYSE:COTY) going forward.

On February 9, Canaccord Genuity besides reduced its terms people connected Coty Inc. (NYSE:COTY) from $3.50 to $2.50 portion keeping its Hold standing connected the stock. This simplification successful terms people follows the company’s mixed Q2 results.

Canaccord Genuity pointed to uncertainty astir Coty Inc.’s (NYSE:COTY) enactment modulation and continued antagonistic income maturation arsenic cardinal reasons down its little terms target.

Coty Inc. (NYSE:COTY) is an American multinational quality institution with a portfolio of iconic brands crossed fragrance, colour cosmetics, and tegument and assemblage care.

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