Coty Inc. (NYSE:COTY) is one of the best penny stocks to buy according to hedge funds. RBC Capital analyst Nik Modi expressed bullish sentiments for Coty Inc. (NYSE:COTY) on October 3, giving the stock a Buy rating.
However, Canaccord Genuity analyst Susan Anderson reiterated a Hold rating on Coty Inc. on October 1 and set a $4.00 price target.
The same day, Bank of America Securities maintained a Sell rating on the stock with a $3.5 price target. Similarly, Barclays also reiterated a Sell rating on Coty Inc. on October 1, assigning the stock a price target of $3.5.
Coty, Inc. is a beauty company that operates a portfolio of brands in color cosmetics, fragrance, and skin and body care. Its Prestige segment operates an array of luxury brands, including Gucci, Marc Jacobs, Miu Miu, Tiffany & Co., Kylie Cosmetics by Kylie Jenner, Hugo Boss, Burberry, Chloe, Calvin Klein, SKKN BY KIM, and more.
Coty, Inc.’s mass beauty products are primarily sold through supermarkets, hypermarkets, drugstores, department stores, e-commerce retailers, and other channels.
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This article is originally published at Insider Monkey.
