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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.
News For EL From the Last 2 Days
EL
Apr 18, 2024 | 12:06 EDT
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.
