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Fly News Breaks for August 16, 2018
EL
Aug 16, 2018 | 06:25 EDT
Piper Jaffray analyst Erinn Murphy backed an Overweight rating and $162 price target on Estee Lauder ahead of quarterly results. The analyst says she "remains positive" ahead of the August 20 Q4 report despite a growing wave of negative sentiment. While geopolitical risk remains, Murphy believe Estee Lauder's growth vectors -- China, digital, prestige, and skincare -- should support FY19 guidance that brackets the Street's estimates.
News For EL From the Last 2 Days
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.