Morgan Stanley and Canaccord Lower COTY Price Targets After Q2 Results

SelfRugger · 2026-03-02T05:11:20+00:00

Morgan Stanley and Canaccord Genuity have lowered their price targets for Coty Inc. following its Q2 results, citing below-expectation earnings and leadership uncertainty. Morgan Stanley reduced its target to $3.50 while Canaccord cut it to $2.50.

SelfRugger

2026-03-02 05:11:20

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Morgan Stanley and Canaccord Lower COTY Price Targets After Q2 Results

Ali Ahmed

Mon, February 23, 2026 at 11:58 PM GMT+9 2 min read

In this article:

COTY

-3.30%

-2.52%

Coty Inc. (NYSE:COTY) is one of the 13 Best American Penny Stocks to Invest In. On February 9, Morgan Stanley reduced its price target on Coty Inc. (NYSE:COTY) from $4.25 to $3.50 and kept an Equal Weight rating on the stock.

This update came after the company reported Q2 results, which Morgan Stanley noted were slightly below plan. The company’s Q3 EBITDA guidance was well below consensus estimates. Morgan Stanley pointed out that “the key negative” was the withdrawal of the fiscal 2026 guidance. The research firm pointed to a lack of visibility. Morgan Stanley believes that execution under the new interim CEO will now be important for Coty Inc. (NYSE:COTY) going forward.

Morgan Stanley and Canaccord Lower COTY Price Targets After Q2 Results

On February 9, Canaccord Genuity also reduced its price target on Coty Inc. (NYSE:COTY) from $3.50 to $2.50 while keeping its Hold rating on the stock. This reduction in price target follows the company’s mixed Q2 results.

Canaccord Genuity pointed to uncertainty around Coty Inc.’s (NYSE:COTY) leadership transition and continued negative sales growth as key reasons behind its lower price target.

Coty Inc. (NYSE:COTY) is an American multinational beauty company with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care.

While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 AI Stocks That Are Skyrocketing and 12 Best Oil and Gas Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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