Today, Coty (NYSE:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, unveils its new corporate identity. Centered around
Wells Fargo has decided to maintain its Equal-Weight rating of Coty (NYSE:COTY) and lower its price target from $8.00 to $7.00.
Shares of Coty are trading up 2.7% over the last 24 hours, at $6.49 per share.
A move to $7.00 would account for a 7.85% increase from the current share price.
Raymond James raised the price target on UnitedHealth Group Incorporated (NYSE: UNH) from $620 to $635. Raymond James analyst John Ransom maintained the stock with a Strong Buy rating. UnitedHealth shares rose 0.1% to $512.50 in pre-market trading.
Financial Outlook
With all the key elements of Coty's strategy now in place, the Company expects to double its skincare revenues from FY22 to FY25, with further acceleration in FY26 and beyond. This coupled