Information Provided By:
Fly News Breaks for February 7, 2020
EL
Feb 7, 2020 | 09:03 EDT
Raymond James analyst Joseph Altobello raised his price target for Estee Lauder to $238 from $202 and reiterated an Outperform rating following the announcement of strong fiscal Q2 results that featured improved top line and margin trends. Altobello tells investors in a research note that the anticipated downward guidance revision reflecting the impact of the coronavirus appears to be less than feared, and believes the stock continues to warrant a premium valuation and offers upside given the company's attractive growth profile, healthy fundamentals and strong balance sheet.
News For EL From the Last 2 Days
EL
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
EL
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
EL
Mar 28, 2024 | 05:51 EDT
BofA upgraded Estee Lauder to Buy from Neutral with a price target of $170, up from $160. The company currently has a range of initiatives to recovery profitability, sharpen product efficiency, and achieve more balance across channels and geographies, the analyst tells investors in a research note. The firm expects market share growth and operating leverage as Estee reduces its reliance on China and travel retail. It believes the company's earnings have bottomed.