All the market-moving Wall Street chatter from Monday

[Pelican Press 0]

All the market-moving Wall Street chatter from Monday

This is the hidden content, please

• Sign In
• or
• Sign Up

with an equal weight rating. Meanwhile, Canaccord Genuity initiated Coty with a buy rating and a price target that implied more than 30% upside. Check out the latest calls and chatter below. All times ET. 5:44 a.m.: Morgan Stanley initiates

This is the hidden content, please

• Sign In
• or
• Sign Up

as equal weight Morgan Stanley thinks

This is the hidden content, please

• Sign In
• or
• Sign Up

is already trading at fair value despite being optimistic on the company over the long-term. The firm initiated coverage of the online forum stock with an equal weight rating and a $45 per share price target. Morgan Stanley’s forecast amounts to 6.4% upside from Friday’s close.

This is the hidden content, please

• Sign In
• or
• Sign Up

has climbed more than 24% since going public in March at a debut price of $34 per share, which was the top range of analyst estimates. But Morgan Stanley’s Brian Nowak said that, while

This is the hidden content, please

• Sign In
• or
• Sign Up

is a “unique” platform, he is somewhat cautious on the stock as the company needs to prove it can meaningfully grow both user and revenue growth. “In our view, it is still early in

This is the hidden content, please

• Sign In
• or
• Sign Up

’s user growth story and in the near-term we see RDDT benefitting from growing top of funnel, deepening engagement by improving relevance and driving international user growth,” Nowak said. — Brian Evans 5:44 a.m.: Canaccord initiates Coty as buy A turnaround is in the cards for Coty , according to Canaccord Genuity. Analyst Susan Anderson initiated the beauty products company with a buy rating . Her price target of $14 implies upside of 33% from Friday’s close. “With management focused on investing and growing in fast-growing beauty categories, we believe Coty can outpace growth in the total market and has multiple levers to achieve this in the long term,” Anderson said. “Despite concerns around an overall slowdown in the beauty market in the U.S., we believe Coty can outperform due to significant whitespace growth opportunities, exposure to high-growth global beauty markets, and strong brands keeping consumers interested,” Anderson added. Coty shares have struggled in 2024, losing more than 15% in that time. COTY YTD mountain COTY year to date — Fred Imbert

This is the hidden content, please

• Sign In
• or
• Sign Up

Investment strategy,Stock markets,Coty Inc,

This is the hidden content, please

• Sign In
• or
• Sign Up

Inc,business news
#marketmoving #Wall #Street #chatter #Monday

This is the hidden content, please

• Sign In
• or
• Sign Up