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Fly News Breaks for August 9, 2017
ULTA, EL
Aug 9, 2017 | 07:31 EDT
Oppenheimer analyst Rupesh Parikh raised his price target for Estee Lauder (EL) to $110 from $100 as he still sees the potential for outperformance. Accelerating momentum in key international markets, strong performance of recent acquisitions, strengthening partnerships with Ulta Beauty (ULTA) and Sephora, and the potential for an improved earnings backdrop in 2018 and 2019 could drive further upside in shares, he contends. The analyst reiterates an Outperform rating on Estee Lauder's shares and says he continues to rank it as his top pick across his coverage universe.
News For EL;ULTA From the Last 2 Days
EL
Apr 18, 2024 | 04:46 EDT
Deutsche Bank placed a "Catalyst Call: Buy" on Estee Lauder as a short-term investment idea. The analyst views the setup into Estee's fiscal Q3 results on May 1 "skewing positively." The firm sees the company as likely to report "in-line-to-better" results versus Street estimates, including confirmation that long-standing China travel retail inventory backlogs have been cleared, while reiterating fiscal 2024 guidance.