Latest news with #FilippoFalorni
Yahoo
2 days ago
- Business
- Yahoo
Citi Reiterates Buy Rating on Coty (COTY) Stock
Coty Inc. (NYSE:COTY) is one of the Best Mid Cap FMCG Stocks to Buy Now. Analyst Filippo Falorni of Citi reiterated a 'Buy' rating on the company's stock, while retaining the price objective of $6.50. The analyst's rating is backed by a combination of factors demonstrating a favourable outlook for the company's stock. One of the critical reasons is the potential for M&As, with Coty Inc. (NYSE:COTY) reportedly being in discussions to sell parts of its Prestige and Consumer Beauty businesses. This sale can unlock significant value, given the company's progress in reducing its debt and the possibility of monetizing the stake in Wella. A close-up of a woman's face wearing a beauty product, highlighting the company's range of luxury items. Coty Inc. (NYSE:COTY)'s strong fundamentals, along with its multi-pronged plan for accelerating innovation, distribution, and efficiencies, provide confidence. Coty Inc. (NYSE:COTY) is focused on entering FY 2026 with alignment between sell-in and sell-out in order to create a healthy baseline for growth. Coty Inc. (NYSE:COTY) stated that CY 2026 debt maturities of ~$1.1 billion can be addressed via either refinancing, seasonal FCF at CYE and/or revolver, with available liquidity at Q3 2025 end coming at $1.8 billion. Meridian Funds, managed by ArrowMark Partners, released its Q4 2024 investor letter. Here is what the fund said: 'Coty Inc. (NYSE:COTY) is a global beauty company with a growing portfolio of prestige and consumer brands. We hold Coty for its transformation potential through strategic investments in brand development and expansion within high-growth beauty markets. Performance this quarter was impacted by broader retail headwinds, as distributors in the U.S., Australia, and Asian retail channels maintained cautious inventory positions. Weak sales in China further pressured results. Despite these challenges, management implemented cost-saving measures to protect margins while maintaining strategic growth initiatives. We anticipate sales momentum to reaccelerate, supported by holiday season performance and continued expansion of the prestige portfolio.' 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: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
18-06-2025
- Business
- Bloomberg
Stock Movers: Marvell Technology, Circle Internet Group, Constellation Brands
On this episode of Stock Movers: - Marvell Technology (MRVL) shares surge with analysts positive on the chipmaker following an event focused on AI. At the event, Marvell raised its overall data center total addressable market to $94 billion by 2028, up from $75 billion. - Circle Internet Group (CRCL) shares rise after the US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar. - Constellation Brands (STZ) shares are little changed after Citi analyst Filippo Falorni cut the target on Constellation Brands Inc. Class A to $170 from $190.
Bloomberg
16-06-2025
- Business
- Bloomberg
Stock Movers: Coty, MGM, Lockheed Martin
On this edition of Stock Movers: - Coty (COTY) climbed after Women's Wear Daily reports that the beauty company is looking for buyers. Citi analyst Filippo Falorni writes: 'we acknowledge the possibility of M&A, especially given COTY's valuation, progress on debt deleverage over the last several years with the potential for value unlock from the sale of its Wella stake' - MGM (MGM) Resorts shares gained, as well as shares in Entain, after BetMGM, the sports betting platform the two companies jointly own, raised its full-year guidance. - Lockheed Martin (LMT) shares fell on word that a deal between the US and China on rare earths wouldn't include Lockheed Martin's F-35 planes.
Yahoo
20-03-2025
- Business
- Yahoo
Why Boston Beer Stock Was So Frothy on Thursday
On Thursday, plenty of investors bellied up to the bar to put money into Boston Beer (NYSE: SAM) stock. Best known as the brewer of the Samuel Adams line of suds, the company received a recommendation upgrade from a top U.S. bank tracking its fortunes. In mid-afternoon trading, Boston Beer's share price was up by more than 3%. Well before the market open that morning, Citigroup's Filippo Falorni pushed his Boston Beer recommendation up one peg, to buy from the previous neutral. He also raised his price target on the beverage stock, to $280 per share from $265. According to reports, Falorni believes that the company's upcoming launch of Sun Cruiser, a new line of canned vodka cocktails, will be a catalyst for growth given the heavy advertising spend bolstering the brand. Assisting this will be what the analyst feels should be improvements in the sales of other company brands, such as its Truly "hard" (i.e., alcohol-infused) seltzer. The change in sentiment on Boston Beer was part of a wider Citigroup update of beverage brands. The company was included in the bank's selection of top picks in the beverage sector, and was tapped as one of eight elite picks. Among the others were Coca-Cola, Monster Energy, and -- ranked No. 1 -- Keurig Dr Pepper. Personally, I don't envision American consumers suddenly developing a more serious alcohol habit for any reason. And while Sun Cruiser is a somewhat interesting take on the recent spiked soft drink trend, it doesn't feel to me like it's got blockbuster potential. Therefore, I'm not as excited as Citigroup is on the future of Boston Beer. Before you buy stock in Boston Beer, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boston Beer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $720,291!* Now, it's worth noting Stock Advisor's total average return is 840% — a market-crushing outperformance compared to 165% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 18, 2025 Citigroup is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boston Beer and Monster Beverage. The Motley Fool has a disclosure policy. Why Boston Beer Stock Was So Frothy on Thursday was originally published by The Motley Fool
