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Fly News Breaks for June 18, 2018
EL
Jun 18, 2018 | 06:33 EDT
Piper Jaffray analyst Erinn Murphy raised her price target for Estee Lauder to $162 following "constructive" meetings with management. Management's tone was "consistently positive," specifically on China, where they were bullish on the consumer, the broad-based category growth and "robust" strength of online, Murphy tells investors in a research note. The analyst believes this region could double for Estee Lauder in the next five years. She increased her estimates and keeps an Overweight rating on the shares.
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.