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Fly News Breaks for November 13, 2019
EL
Nov 13, 2019 | 09:24 EDT
DA Davidson analyst Linda Bolton Weiser raised her price target on Estee Lauder to $201 after its Q1 earnings beat last month and to reflect the roll forward in its valuation to 2021, implying a forward earnings multiple of 29-times. The analyst still keeps her Neutral rating on the stock due to unfavorable upside/downside risk-reward based on the company's historical price-to-earnings multiple range of 20- to 33-times.