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Fly News Breaks for March 24, 2015
EL
Mar 24, 2015 | 06:25 EDT
Wells Fargo upgraded Estee Lauder to Outperform saying the skin care maker's fundamental momentum make it less concerned about near-term earnings risks. Wells views the valuation as reasonable despite the recent rally and raised its price target range for the stock to $90-$92 from $79-$81.
News For EL From the Last 2 Days
EL
Mar 28, 2024 | 05:51 EDT
BofA upgraded Estee Lauder to Buy from Neutral with a price target of $170, up from $160. The company currently has a range of initiatives to recovery profitability, sharpen product efficiency, and achieve more balance across channels and geographies, the analyst tells investors in a research note. The firm expects market share growth and operating leverage as Estee reduces its reliance on China and travel retail. It believes the company's earnings have bottomed.