Canaccord Lowers Coty Price Target to $2.50 After Mixed Q2; Leadership and Sales Trends Cited
Canaccord Genuity reduced its price target for Coty Inc. to $2.50 from $3.50 and maintained a Hold rating following a mixed second-quarter performance. The company posted modest revenue growth but missed adjusted EBITDA and earnings-per-share estimates, prompted the withdrawal of fiscal 2026 guidance, and drew a negative outlook from Moody's on ope…