Coty Inc. (COTY) Faces Leadership Changes and Market Challenges

Core Viewpoint - Coty Inc. is experiencing significant challenges, including leadership changes and macroeconomic pressures, which have led to a substantial decline in its stock value, despite a potential price target increase suggested by Evercore ISI. Group 1: Leadership Changes - Markus Strobel from Procter and Gamble is set to become the executive chair and interim CEO, following the departure of CEO Sue Nabi after a five-year tenure [2] - The company describes this leadership change as a "pivotal moment" amid ongoing challenges [2] Group 2: Stock Performance - Coty's shares have lost over half their value since the start of the year, reflecting the impact of macroeconomic uncertainty and higher tariffs [5] - The current stock price is $3.14, marking a decrease of approximately 3.53%, with a decline of $0.115 today [3] - The stock has shown volatility, ranging from a low of $3.14 to a high of $3.27 during the trading day [3] Group 3: Market Capitalization and Trading Volume - The company's market capitalization stands at approximately $2.74 billion, with a trading volume of 7,709,091 shares on the NYSE [4] - Over the past year, COTY's stock has reached a high of $7.71 and a low of $3.12, indicating challenges in maintaining investor confidence [4] Group 4: Price Target - Evercore ISI has set a price target of $7 for Coty Inc., indicating a potential increase of about 120% from its current price [5]