Coty (COTY) buy potential shares of the beauty company have been on the rise, after being upgraded to overweight from neutral by Piper Sandler. Among the catalysts are Coty's increasing exposure to China, which should allow for recovery tailwinds, the firm said.
Technically, monthly price action has formed a bullish flag structure, a breakout observed. Additionally, watching for an inverse head and shoulders to play out, as the price approaches neckline tracking around $9.85.
Technically, monthly price action has formed a bullish flag structure, a breakout observed. Additionally, watching for an inverse head and shoulders to play out, as the price approaches neckline tracking around $9.85.