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Fly News Breaks for August 21, 2017
EL
Aug 21, 2017 | 07:43 EDT
Piper Jaffray analyst Erinn Muprhy raised her price target on Estee Lauder after the company reported stronger than expected Q4 results and its Q1 guidance beat expectations. Murphy says that the company has "good visibility" for fiscal 2018 and should benefit from its Leading Beauty Forward initiative in fiscal 2019. She keeps an Overweight rating on the stock.
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