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Fly News Breaks for January 11, 2017
EL
Jan 11, 2017 | 05:48 EDT
UBS analyst Stephen Powers downgraded Estee Lauder to Neutral saying the shares look fairly valued given his reduced long-term growth outlook and target multiple. The analyst cites currency pressures and likely near-term dilution from Too Faced for his estimates being below consensus. He cut his price target for the shares to $84 from $93.
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