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Fly News Breaks for August 18, 2015
EL
Aug 18, 2015 | 07:06 EDT
After Estee Lauder reported higher than expected EPS and inline revenue, Bernstein says that the results were good. The firm thinks that the company's fiscal 2016 EPS guidance is "very conservative." It trimmed its price target on the name to $92 from $96 but sees the weakness in the stock as a buying opportunity for long-term investors.
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