In a report published Monday, Morgan Stanley analyst Dara Mohsenian reiterated an Equal-Weight rating on Coty COTY.
In the report, Morgan Stanley noted, “Following recent meetings with COTY management, we remain EW given limited visibility and our below consensus forecasts, although the stock does look more interesting with an expected fundamental improvement and valuation towards the lower-end of beauty peers.”
Coty closed on Friday at $14.92.
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