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Fly News Breaks for March 7, 2019
EL
Mar 7, 2019 | 09:37 EDT
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and $179 price target on Estee Lauder after its Analyst Day meeting, saying that barring a recession, the company's long-term revenue growth target of 6%-8% may be conservative. The analyst cites Estee Lauder's "substantial growth opportunity in travel retail", outlook for prestige beauty market growth in China / emerging markets, and the majority of North American sales coming in the company's fast-growing channels.
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