NEW YORK (TheStreet) -- Coty (COTY - Get Report) had coverage initiated with an "outperform" rating and a $19 price target at BMO Capital Markets.
"Our price target of $19 is based on the assumption that Coty will trade at 21x our FY2015 estimate of 90 cents. We established EPS estimates of 85 cents in FY2014, 90 cents in FY2015 and $1.00 in FY2016," the firm said.
Coty shares closed up 1.72% to $17.13 yesterday.
: Warren Buffett's 25 Favorite Growth Stocks
COTY data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.