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Coty jumps after Citi upgrade

Published 12/12/2017, 07:32 AM
© Reuters.  Coty jumps after Citi upgrade
COTY
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  • Citi dips into the beauty products sector to upgrade Coty (NYSE:COTY) to a Buy rating after having it locked in at Neutral.
  • The firm expects investor sentiment to turn around on Coty to push up the earnings multiple.
  • The new price target of $21 from the Citi team reps 17% upside potential.
  • Shares of Coty are up 3.24% in premarket trading tp $18.49.
  • Now read: Daily Insider Ratings Round Up 11/20/17: GE, TRN, COTY, GPRE, RE, APPN


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