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Fly News Breaks for August 18, 2015
EL
Aug 18, 2015 | 09:06 EDT
As previously reported, Telsey Advisory upgraded Estee Lauder to Outperform from Market Perform and maintained its $99 price target. The firm upgraded shares following the selloff on slightly lower than expected topline results and a moderated long-term operating margin outlook. The firm believes topline momentum remains healthy and the company continues to take share in a growing category.
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