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Fly News Breaks for September 20, 2018
EL
Sep 20, 2018 | 07:41 EDT
Atlantic Equities analyst Edward Lewis initiated Estee Lauder with an Overweight rating and $162 price target, stating that it offers "unique exposure" to the growing appetite of the emerging Asian millennial consumer for prestige beauty products. He sees Estee being able to deliver double digit EPS growth to support an ongoing premium valuation, Lewis tells investors.
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