UBS has given L'Oreal a 'Neutral' rating and set a target price of 409 euros. This decision was influenced by Coty's mixed first-quarter figures, which showed positive trends in fragrances but challenges in the mass make-up segment.
Coty had previously issued a sales warning in October, which adds to the cautious outlook for L'Oreal. L'Oreal shares are currently down 2.98%, closing at €335.35, with fluctuations observed across various trading venues including Munich and Frankfurt. The stock's performance reflects broader market sentiments, with a year high of €461.60 and a low of €333.00.
Investors are closely monitoring developments in the cosmetics sector as companies navigate shifting consumer preferences and economic conditions.