Coty $COTY Price Target Cut to $12.00 by Analysts at Wells Fargo & Co
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Coty says buying 51% of Kylie Cosmetics for $600m will be “accretive to the net revenue growth” of its core fragrance, cosmetics and skincare biz.
Coty wants to take Kylie global. A couple slides from its presentation tout her international potential:
We have signed CB Coty Sensabaugh to a two-year contract. MORE: