Wells Fargo Reaffirms Their Hold Rating on Coty Inc (COTY)

Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Coty Inc (COTYResearch Report) today and set a price target of $11. The company’s shares closed yesterday at $11.19.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.3% and a 66.7% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Edgewell Personal Care.

Coty Inc has an analyst consensus of Hold, with a price target consensus of $11.56, which is a 3.3% upside from current levels. In a report issued on April 1, Citigroup also downgraded the stock to Hold with a $12 price target.

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Based on Coty Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $961 million. In comparison, last year the company had a GAAP net loss of $77 million.

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Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances.

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