Barclays Maintains a Sell Rating on Coty (COTY) With a $4.50 PT

Coty Inc. (NYSE:COTY) is one of the best affordable stocks under $5 to invest in. In a report released on July 15, Lauren Lieberman from Barclays maintained a Sell rating on Coty Inc. (NYSE:COTY) with a price target of $4.50.

Coty Inc. (NYSE:COTY) reported a 2% year-over-year drop in its net revenue in Q3 to $4.64 billion, including a 2% negative impact from FX. Reported operating income for the quarter also declined 56% year-over-year to $225.6 million.

Coty, Inc. (NYSE:COTY) is a beauty company that operates a portfolio of brands in color cosmetics, fragrance, and skin and body care. Its Prestige segment operates an array of luxury brands.

The company markets and sells its products in more than 121 countries across the globe. Coty, Inc.’s (NYSE:COTY) mass beauty products are primarily sold through supermarkets, hypermarkets, drugstores, department stores, e-commerce retailers, and other channels.

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Disclosure: None. This article is originally published at Insider Monkey.