Feb. 3 at 3:28 PM
$COTY $3.29 bid
Holding long position at even
EXIT
$7.00 (long term)
UPDATE ... from the other side.
Coty Q2 seen in-line; 2H outlook, strategy key as valuation stays compelling -- RBC Capital Mkts .
RBC's Nik Modi noted, "We see this quarter as a neutral event as we expect COTY to deliver F2Q'26 results generally within its guidance range. Focus will be on Markus Strobel's assessment of the business/forward strategy, updates on category trends, and 2H'26 guidance (we believe current 2H consensus is reasonable). Given the ongoing reset, COTY likely remains a show me story for most investors, but valuation remains notably cheap, especially with leverage down near 3x. Given the depressed multiple, we maintain our Outperform rating."
