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Fly News Breaks for May 22, 2018
LRLCY
May 22, 2018 | 17:28 EDT
As reported earlier, Evercore ISI analyst Robert Ottenstein initiated L'Oreal with an Outperform rating and a price target of EUR 235 as part of his broader Global Beauty sector research note. The analyst says the stock should benefit from the expected acceleration in global beauty demand, adding that the consensus estimates for its sales in FY18-FY21 "look low". Ottenstein further notes that annualized revenue growth should be about 6% vs. consensus 5% on rising demand from China and emerging markets as well as its e-commerce initiatives.
News For LRLCY From the Last 2 Days
LRLCY
Apr 25, 2024 | 11:37 EDT
