Coty Inc. (NYSE:COTY) is listed as one of the 12 Best American Penny Stocks to Buy Right Now. TD Cowen and Canaccord Genuity both reiterated their Hold ratings on Coty Inc. (NYSE:COTY) with a $4 price target. The company is focusing on high-end segments like fragrance and skin care for growth.

Management of Coty Inc. (NYSE:COTY) discussed a strategic review of its consumer business, product range, and debt refinancing efforts. They are considering strategic alternatives for their mass color cosmetics and Brazilian brands businesses, which are profitable. Canaccord Genuity suggested potential asset sales to strengthen the balance sheet.

Coty Inc. (NYSE:COTY) is a multinational beauty company with iconic brands in fragrance, color cosmetics, and skin and body care. Operating in over 130 countries, the company is known for its wide consumer reach. Analysts see potential in COTY as an investment but believe other AI stocks may offer greater upside and less risk.

For more investment options, check out 10 Stocks Under $20 to Buy According to Analysts and 12 Best Performing Stocks in the Last 3 Months. This article is originally published on Insider Monkey. No promotional or marketing content is included in the news summaries.

Read more at Yahoo Finance: TD Cowen and Canaccord Genuity Maintain Hold Ratings on Coty Inc. (COTY)