4 Reasons Coty Could Surprise the Naysayers
Beauty may be in the eye of the beholder, but many Wall Street analysts appear to think cosmetics and personal care company Coty (NYSE: COTY) is putting lipstick on a pig with its efforts at transformation.
Six major analysts give the company a neutral or hold rating, according to Zacks Equity Research, while three are strong buy and one is strong sell, meaning 70% have a neutral or worse rating on the stock. The company also saw a stock market drop on June 9 when it increased the amount on bonds it's issuing to 700 million euros' worth.
Despite the fairly neutral to a bit negative outlook, there may be gleams of bullish light at the end of the tunnel that those focused on a few narrow fundamentals might be missing.
Source Fool.com
