Morgan Stanley and Citi Raise COTY Price Targets

Coty Inc. (NYSE:COTY) is one of the 10 Best US Stocks Under $5 to Buy. On May 7, Morgan Stanley raised its price target on Coty Inc. (NYSE:COTY) from $2.25 to $2.50 and maintained its Equal Weight rating on the stock.

On the same day, Citi also increased its price target on Coty Inc. (NYSE:COTY) from $2.50 to $2.80 and maintained a Neutral rating on the stock. These updates came after the company reported results for the third quarter of its fiscal year 2026 ended March 31, 2026.

Morgan Stanley and Citi Raise COTY Price Targets

Despite disruptions related to the Middle East, Coty Inc. (NYSE:COTY) reported profit ahead of expectations for the quarter. The stronger performance was supported by cost control efforts and the reallocation of investments behind activations in the fourth quarter.

Additionally, Coty Inc. (NYSE:COTY) has started implementing its Coty.Curated strategic framework, which is designed to improve focus and execution across its portfolio. The company said the initial implementation of the framework is expected to support a healthier business in fiscal year 2027 and beyond.

Coty Inc. (NYSE:COTY) is an American multinational beauty company with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care.

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