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Fly News Breaks for February 5, 2018
EL
Feb 5, 2018 | 07:43 EDT
RBC Capital analyst Nik Modi raised the price target on Estee Lauder to $155, saying the company's top-line momentum has continued in FY18, with constant currency growth of 14% exceeding forecasts while e-commerce and travel retail being standouts. The analyst believes the FY18 sales growth of 10%-11% may be conservative, particularly if emerging markets growth accelerates further.
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.