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- Coty Inc. (COTY +3.8%) shares jump as Deutsche Bank upgrades the stock to Buy from Hold, saying that the recent underperformance marks an opportunity for investors.
- "COTY's stock is nearly -20% off its recent highs following what we viewed as legitimately strong and promising FY4Q21 results," writes analyst Steve Powers. He acknowledges that the beauty product retailer faces some headwinds, including market volatility and KKR divesting about 70% of its stake, but is generally positive on the company's outlook.
- Deutsche Bank raises its price target on the stock to $11 from $10. The average sell-side price target for COTY is $10.60 with 9 of 14 analysts coming in on the fence.