Coty stock tumbles as lack of visibility, RBC downgrade overshadow Q4 beat

출처: Investing.com, 2026-08-20 08:38 AM

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RBC's Nik Modi downgraded Coty to Sector Perform and slashed the price target to $3 from $8 in a note following the company's earnings release, noting that while fourth quarter 2026 results were better than expected, management's forward commentary indicated that "the path back to top- and bottom-line growth remains unclear."

Structural headwinds overshadowed the earnings beat, including the early termination of the Gucci license and required fixed cost reductions to offset dilution. Modi concluded: "We are hard-pressed to see where the upside will come from."