Here's What Analysts Are Saying About Coty Inc. (COTY)

Coty Inc. (NYSE:COTY) is one of the best luxury stocks to buy now. Berenberg cut the price target on Coty Inc. (NYSE:COTY) to EUR 2.55 from EUR 3.62 on February 12 while maintaining a Hold rating on the shares. RBC Capital also cut the price target on the stock to $8 from $10 on February 9, maintaining an Outperform rating and telling investors that the company delivered a beat on organic sales this quarter. It added that the present marks a transitional moment for Coty Inc. (NYSE:COTY), with Markus Strobel taking the helm to restore growth.

The same day, Morgan Stanley also lowered the price target on Coty Inc. (NYSE:COTY) to $3.50 from $4.25 while maintaining an Equal Weight rating on the shares. The firm told investors in a research note that the company’s fiscal Q2 results came slightly below plan, but well below the consensus Q3 EBITDA guidance. It stated that the withdrawal of FY26 guidance was “the key negative” and that it reflects a lack of visibility,  with execution under a new interim CEO being the key from here.

Coty, Inc. (NYSE:COTY) is a beauty company that operates a portfolio of luxury brands in color cosmetics, fragrance, and skin and body care. Its Prestige segment operates an array of luxury brands, including Gucci, Marc Jacobs, Miu Miu, Tiffany & Co., Kylie Cosmetics by Kylie Jenner, Hugo Boss, Burberry, Chloe, Calvin Klein, SKKN BY KIM, and more. 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.