EL - Coty Would Gain Restoration Of Supply Levels Encouraging Competitor Signals - Analyst Ahead Of Q1 | Benzinga
RBC Capital Markets analyst Nik Modi reiterated the Outperform rating on Coty Inc. (NYSE: COTY), with a price target of $14.00.
In the quarter to be reported, COTY will be able to cross the consensus bar this quarter owing to the restoration of supply levels back to the mid-90s and generally positive read-throughs from competitors on fragrance and makeup performance, according to the analyst.
Modi adds that a guidance raise intra-quarter and a steady % share of spend in fragrance should aid quarterly performance. COTY is one of very few staples companies raising guidance at ...