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LRLCY

L'Oreal

$38.99

0.186 (0.48%)

09:25
04/21/17
04/21
09:25
04/21/17
09:25

L'Oreal selects Natura, CVC for next round of Body Shop sale, Bloomberg reports

L'Oreal has selected Brazilian cosmetics company Natura Cosmeticos as well as private equity firms CVC Capital Partners, Advent International and Investindustrial Advisors to move on to the next round of auction for its Body Shop unit, Bloomberg says, citing people familiar with the matter. Bids for the business came in at more than $856M and binding offers are due in June. Reference Link

LRLCY L'Oreal
$38.99

0.186 (0.48%)

11/29/16
RBCM
11/29/16
UPGRADE
RBCM
Sector Perform
L'Oreal upgraded to Sector Perform from Underperform at RBC Capital
RBC Capital analyst James Edwardes Jones upgraded L'Oreal to Sector Perform with a price target of EUR 159.
11/29/16
RBCM
11/29/16
UPGRADE
RBCM
Sector Perform
L'Oreal upgraded on make-up performance, share buyback potential at RBC Capital
As noted earlier, RBC Capital upgraded L'Oreal (LRLCY) to Sector Perform from Underperform. Analyst James Edwards upgraded the stock partly due to what he calls "the outstanding performance" of the company's make-up business. Additionally, he believes that the company could launch a significant share buyback initiative if Nestle (NSRGY) new CEO chooses to sell that company's 23% stake in L'Oreal. Edwards says that such a scenario is "a very real prospect." Target to $159 from $150.
01/11/17
UBSW
01/11/17
UPGRADE
UBSW
Buy
L'Oreal upgraded to Buy from Neutral at UBS
02/17/17
RBCM
02/17/17
NO CHANGE
Target $105
RBCM
Outperform
Edgewell Personal Care remains takeout target, says RBC Capital
After Kraft Heinz (KHC) confirmed it had approached Unilever (UN, UL) with a merger proposal, RBC Capital analyst Nik Modi says the news come as a surprise, but does not warrant a change in his Edgewell Personal Care (EPC) takeout thesis. The analyst reiterates an Outperform rating on the latter's shares, with a $105 price target, on improving margin and revenue profile and the prospects of a takeout in the next 12-16 months, with Unilever as one of the more likely buyers. Other potential suitors include Kimberly-Clark (KMB), Beiersdorf, Henkel, Johnson & Johnson (JNJ), Colgate-Palmolive (CL), Church & Dwight (CHD), L'Oreal (LRLCY), and Kao, he adds.

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