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Fly News Breaks for January 21, 2020
EL
Jan 21, 2020 | 16:20 EDT
Citi analyst Wendy Nicholson downgraded Estee Lauder to Neutral from Buy with a price target of $230, up from $223. The shares closed Tuesday down $2.20 to $217.73. The analyst, who left her Estee estimates unchanged, thinks there may be less room for upside to the numbers. With only 7% upside from current levels to her new price target, Nicholson believes a Neutral rating "is the right place to be for now."
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