Analysts Offer Insights on Consumer Cyclical Companies: Coty (COTY) and Ferrari (RACE)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Coty (COTY – Research Report) and Ferrari (RACE – Research Report).

Coty (COTY)

D.A. Davidson analyst Linda Bolton Weiser maintained a Buy rating on Coty today and set a price target of $17.50. The company’s shares closed last Friday at $11.15.

According to TipRanks.com, Weiser is a 3-star analyst with an average return of 2.1% and a 45.6% success rate. Weiser covers the NA sector, focusing on stocks such as The Estée Lauder Companies, WW International, and Lifetime Brands.

Currently, the analyst consensus on Coty is a Moderate Buy with an average price target of $13.95, a 27.6% upside from current levels. In a report issued on April 14, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $14.00 price target.

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Ferrari (RACE)

Jefferies analyst Philippe Houchois maintained a Hold rating on Ferrari today and set a price target of EUR375.00. The company’s shares closed last Friday at $408.65.

According to TipRanks.com, Houchois is a 5-star analyst with an average return of 20.8% and a 60.0% success rate. Houchois covers the NA sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Rivian Automotive.

Currently, the analyst consensus on Ferrari is a Moderate Buy with an average price target of $431.45.

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Read More on COTY:

• Coty price target lowered to $13 from $16 at TD Cowen
• Citi trims Coty target, opens ‘positive catalyst watch’
• Coty initiated with a Buy at Canaccord
• Puig aims for valuation near $15B in IPO, WSJ reports
• Coty price target lowered to $12 from $13 at Barclays