Why TD Cowen Remains Cautious on Coty Inc. (COTY)

Coty Inc. (NYSE:COTY) is among the consumer defensive stocks to buy according to analysts. On December 12, TD Cowen reduced the price target on Coty Inc. (NYSE:COTY) to $3.75 from $4.00, maintaining a ‘Hold’ rating on the stock. The updated price target reflects a potential upside of about 13% from the current price level. According to the firm, this revision better reflects revenue growth estimates. Still, there are several risk factors, including “post-holiday destocking, promos, mass cosmetics pressur ...