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Fly News Breaks for May 15, 2018
EL
May 15, 2018 | 08:09 EDT
Morgan Stanley analyst Dara Mohsenian said he believes Estee Lauder's growth potential is being undervalued despite its favorable exposure to high growth channels within the high growth prestige beauty category. Investors are still valuing Estee like a Consumer Packaged Goods company, but it should be valued versus global prestige beauty peers, contends Mohsenian. He raised his price target on the stock to $162 from $153 and keeps an Overweight rating on Estee Lauder.
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