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Fly News Breaks for July 13, 2018
LRLCY
Jul 13, 2018 | 16:27 EDT
Goldman Sachs analyst Fulvio Cazzol downgraded L'Oreal to Neutral from Buy and kept his price target at EUR 206. The analyst notes the rating change is driven by the stock's recent outperformance, with valuation reaching a level that "more fairly reflects the company's top-line growth profile", operating margin improvements, and cash deployment optionality.
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