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Fly News Breaks for August 22, 2017
EL
Aug 22, 2017 | 07:23 EDT
Argus analyst John Staszak upgraded Estee Lauder to Buy with a $125 price target telling investors the company continues to benefit from strong demand for high-end beauty products. He also likes the mix of retail stores, e-commerce and "travel retails" sales at major airports and its efforts to invest in the developing business. Staszak expects Estee Lauder to reach its target of 6%-8% in local currency revenue growth and double digit earnings growth over the next three years.
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