Morgan Stanley and Canaccord Lower COTY Price Targets After Q2 Results

Coty Inc. (NYSE:COTY) is one of the 13 Best American Penny Stocks to Invest In. On February 9, Morgan Stanley reduced its price target on Coty Inc. (NYSE:COTY) from $4.25 to $3.50 and kept an Equal Weight rating on the stock. This update came after the company reported Q2 results, which Morgan Stanley noted were slightly below plan. The company’s Q3 EBITDA guidance was well below consensus estimates. Morgan Stanley pointed out that “the key negative” was the withdrawal of the fiscal 2026 guidance. The res ...