Coty (COTY) – Coty is making some big changes. Coty chairman Peter Harf became the fourth CEO of Coty in less than four years. The official announcement released after Coty and KKR (KKR) signed an agreement to turn Coty’s haircare brands into a completely separate company. According to the agreement 60% ownbyed KKR and 40% owned by Coty.
Amazon.com (AMZN) – Morgan Stanley is making bold moves. Morgan has raised target price for Amazon. It seems Morgan believes in Amazon way too much. Morgan increased to $2,800 from $2,600. According to Morgan he is expecting fast growth for Amazon. Amazon customer graph is decreasing continuously. The firm has successfully increased earnings estimates for Amazon with “overweight” rating.
Zynga (ZNGA) – Zynga is collaborating with the gaming company. The firm announced $1.8 billion acquisition deal with the Turkey-based mobile game producer named Peak. The deal is based on cash and stock. Peak has created famous Toy Blast and Toon Blast mobile games. Zynga has incredible strategies to move forward.
Major stock players are making bold decisions during the tough time in order to survive in the market.
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