These Analysts Cut Their Forecasts On Coty After Downbeat Earnings
1. Coty's Q2 earnings missed estimates, reporting 11 cents vs 21 cents expected. 2. Quarterly sales of $1.67 billion fell short of the $1.72 billion forecast. 3. CEO Sue Nabi highlights fragrance growth, a key revenue driver for Coty. 4. Coty's shares dropped 5.5% following the earnings announcement. 5. Analysts revised targets down: Morgan Stanley ($7), Canaccord Genuity ($8), Evercore ISI ($10).