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Fly News Breaks for November 16, 2016
EL
Nov 16, 2016 | 08:46 EDT
Wells Fargo believes that worries about Estee Lauder's acquisition of Make-Up Art Cosmetics, or MAC, are overdone,. The firm thinks that MAC meets Estee Lauder's brand incubation criteria. The firm is also upbeat on the company's acquisition of Too Faced Cosmetics, calling the latter company "a growth engine" for Estee Lauder. Wells reiterates an Outperform rating on Estee Lauder.
News For EL From the Last 2 Days
EL
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
EL
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
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.