COTY - Coty Poised For Continuous Growth: Analyst Anticipates Third Year Of Surging Sales And EBITDA | Benzinga
DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating on the shares of Coty Inc (NYSE: COTY) and raised the price target from $15 to $17.
Coty reported first-quarter FY24 sales growth of 18% year-on-year to $1.64 billion, beating the consensus estimate of $1.58 billion. Adjusted EPS was $0.09, missing the consensus estimate of $0.17.
E-commerce sales were up more than 25% Y/Y in both Prestige and Consumer Beauty and e-commerce now represents close to 20% of total sales.
To facilitate ownership by European investors and to build liquidity in Europe, ...