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Fly News Breaks for March 7, 2019
EL
Mar 7, 2019 | 08:06 EDT
RBC Capital analyst Nik Modi raised his price target on Estee Lauder to $173 and kept his Outperform rating after its Analyst Day. The analyst sees the company's Leading Beauty Forward cost saving initiative "ramping nicely", allowing for its investment in brand spending, promotional activities, and digital marketing. Modi is also positive on Estee Lauder management striking the "right balance between margin expansion and top line" growth.
News For EL From the Last 2 Days
EL
Apr 18, 2024 | 12:06 EDT
EL
Apr 18, 2024 | 04:46 EDT
Deutsche Bank placed a "Catalyst Call: Buy" on Estee Lauder as a short-term investment idea. The analyst views the setup into Estee's fiscal Q3 results on May 1 "skewing positively." The firm sees the company as likely to report "in-line-to-better" results versus Street estimates, including confirmation that long-standing China travel retail inventory backlogs have been cleared, while reiterating fiscal 2024 guidance.
