BofA Maintains Neutral Stance on Coty (COTY) Heading Into 2026 Amid Uncertain Consumption Growth and Sector-Wide Valuation Disparity

Coty Inc. (NYSE:COTY) is one of the cheap penny stocks to invest in. On December 19, Bank of America lowered the firm’s price target on Coty to $3 from $3.50 and maintained an Underperform rating on the shares. Heading into 2026, the primary uncertainty for consumer staples is the trajectory of consumption growth. While valuations vary widely across the sector, the firm suggests that there is currently no compelling reason for investors to end their neutrality. On December 12, TD Cowen also lowered the f ...