RBC Downgrades Coty to Sector Perform, Slashes Price Target to $3 Amid “Transition Year”

Beauty giant Coty forecasts current-quarter EPS below expectations and declines to give annual guidance, citing a complex transition year.

RBC Downgrades Coty to Sector Perform, Slashes Price Target to $3 Amid “Transition Year”
Credit: Jin Lee/Bloomberg
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