Coty gets a boost from its stake in Kylie Jenner's cosmetics start-up. Splunk and TripAdvisor advance on analyst upgrades.
— Shares of TripAdvisor rose 2% after Cowen upgraded the travel service to market perform from underperform. Cowen said the stock's pullback after disappointing third quarter results more adequately values TripAdvisor, although the firm also cut its price target to $30 from $39.
— Cabot Microelectronics shares plummeted more than 18% on the back of disappointing revenue guidance. The company expected fiscal first-quarter revenue to come in flat on a year-over-year basis. That would be below a FactSet estimate of $285.9 million. Cabot's fiscal 2020 EBITDA guidance also missed estimates.
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Kylie Jenner Sells Majority Stake of Kylie Cosmetics to Coty Inc. for $600 MillionThe news comes after months of rumors about a deal.
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Coty Buys Majority Stake in Kylie Cosmetics for $600 millionBeauty giant Coty has announced that it has purchased a 51 per cent stake in Kylie Jenner's eponymous beauty brand for $600 million.
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Kylie Jenner Sells 51 Percent of Her Makeup Company to CotyThe cosmetic brand purchased the majority of the reality star's company for $600 million.
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Kylie Jenner Sells Majority Stake in Beauty Business to CotyCoty Inc. is officially buying into KylieJenner’s beauty business.
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Coty bets $600 million on Kylie Jenner beauty brandsCoty Inc said on Monday it would pay $600 million for a majority stake in Kylie ...
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Kylie Jenner Just Partnered With Beauty Giant Coty for a Cool $600 Million DollarsKylie Jenner just sold a 51 percent majority stake in her Kylie Cosmetics and Kylie Skin empire to beauty giant Coty Inc. for $600 million dollars. Her brand is valued at $1.2 billion.
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