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Fly News Breaks for February 6, 2018
EL
Feb 6, 2018 | 06:23 EDT
DA Davidson analyst Linda Bolton Weiser raised her price target on Estee Lauder to $131 after a Q2 earnings beat and better than expected outlook for FY18, as organic sales grew 12%. Despite the strong free cash flows on higher than expected skin care sales and expectation of double-digit China sales growth however, the analyst keeps her Neutral rating on Estee Lauder, saying that the stock appears to be fully valued at current levels.
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