RBC Capital Lowers its Price Target on Coty Inc. (COTY) to $8 and Maintains an Outperform Rating

Price Target Adjustments - RBC Capital lowered its price target on Coty Inc. to $8 from $10 while maintaining an Outperform rating, citing an organic sales beat for the quarter and a transition period under new leadership [1] - Morgan Stanley reduced its price target to $3.50 from $4.25, keeping an Equal Weight rating, noting second-quarter results were slightly below target and expressing concern over third-quarter EBITDA guidance and the withdrawal of fiscal 2026 guidance [2] - Citi lowered its price target to $3 from $3.50 and maintained a Neutral rating, viewing the earnings report as mixed and highlighting uncertainty following the pulled fiscal 2026 outlook [2] Financial Performance - Coty reported second-quarter revenue of $1.68 billion, exceeding the consensus estimate of $1.66 billion [3] - The Executive Chairman and Interim CEO, Markus Strobel, acknowledged disappointing financial performance over the past year and a half, indicating that the current share price reflects this reality [3] Company Overview - Coty Inc. manufactures, markets, and sells branded beauty products globally through its Prestige and Consumer Beauty segments, offering fragrance, cosmetics, and skin and body care products [4]