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Fly News Breaks for May 4, 2016
EL
May 4, 2016 | 08:01 EDT
UBS said yesterday's pullback in Estee Lauder is a buying opportunity. The firm noted the top line softness in its Q1 results, but believes the company is taking the right actions to maintain momentum. UBS expects margin improvement, acceleration in growth momentum in Q4, and sees the company maintaining its focus on holding off competition in the fragmented market. UBS reiterated its Buy rating and $107 price target on Estee Lauder shares.
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