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Fly News Breaks for December 16, 2016
EL
Dec 16, 2016 | 09:02 EDT
As noted earlier, BMO Capital started coverage of Estee Lauder with an Underperform rating and a $72 price target. The analyst believes that increasing market share acquisition costs could cause the company to lower its EBIT margin guidance. She adds that the company appears to be losing grouind in social media.
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