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Fly News Breaks for April 11, 2019
EL
Apr 11, 2019 | 08:41 EDT
Stifel analyst Mark Astrachan raised his FY20 estimates for Estee Lauder and has an above-consensus view on FY21 based on his expectations for sustained strong growth from the Estee Lauder and La Mer brands and a significant runway for growth in Asia/Pacific. The analyst, who also believes meaningful operating margin expansion is a reasonable expectation, raised his price target on Estee Lauder shares to $180 from $157 and keeps a Buy rating on the stock.
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