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EL

Estee Lauder

, PG

Procter & Gamble

09:40
08/11/17
08/11
09:40
08/11/17
09:40

Procter & Gamble has no plans to bid for Estee Lauder, CNBC says

Discussing rumors that Procter & Gamble (PG) could look to acquire Estee Lauder (EL), CNBC's David Faber said his sources tell him that P&G has no plans for such a deal. "Absurd" was the word sources used regarding the rumors, Faber added during his on-air report.

EL

Estee Lauder

PG

Procter & Gamble

  • 18

    Aug

EL Estee Lauder

06/02/17
06/02/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wayfair (W) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying the company's sales growth has been reaccelerating lately and its "inventory-light" business model is both powerful and underappreciated. 2. Estee Lauder (EL) and Ulta Beauty (ULTA) were upgraded to Buy from Hold at Jefferies. 3. Deere (DE) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan saying she likes the strategic fit of the Wirtgen Group acquisition and believes it will open up new markets for growth. 4. Jack in the Box (JACK) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jeff Farmer saying the potential sale of the Qdoba concept is not being fully reflected in the shares. 5. Fastenal (FAST) upgraded to Buy from Neutral at Longbow with analyst Chris Dankert saying distribution checks are at the highest level to date trending at 5.3% growth, an acceleration from 4.3% growth reported during March checks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/17
STFL
06/06/17
NO CHANGE
STFL
Estee Lauder stronger focus on specialty retailers will be positive, says Stifel
After meeting with Ulta Beauty (ULTA), Stifel analyst Mark Astrachan says that Estee Lauder's (EL) increased emphasis on specialty retailers " will diversify the company's exposure from weaker channels like U.S. mid-tier department stores. " The analyst quotes Ulta as saying that the launch of Estee's largest brand by Ulta will enable Estee to attract new customers. He expects Ulta to add additional Estee Lauder brands in the future. The analyst raised his price target on Estee Lauder to $108 from $98 and keeps a Buy rating on the stock.
08/09/17
OPCO
08/09/17
NO CHANGE
Target $110
OPCO
Outperform
Estee Lauder [rice target raised to $110 from $100 at Oppenheimer
Oppenheimer analyst Rupesh Parikh raised his price target for Estee Lauder (EL) to $110 from $100 as he still sees the potential for outperformance. Accelerating momentum in key international markets, strong performance of recent acquisitions, strengthening partnerships with Ulta Beauty (ULTA) and Sephora, and the potential for an improved earnings backdrop in 2018 and 2019 could drive further upside in shares, he contends. The analyst reiterates an Outperform rating on Estee Lauder's shares and says he continues to rank it as his top pick across his coverage universe.
08/10/17
UBSW
08/10/17
NO CHANGE
Target $96
UBSW
Neutral
Estee Lauder risk/reward negative heading into Q4 report, says UBS
UBS analyst Stephen Powers noted Estee Lauder shares have risen more than 6% over the past five sessions with no incremental news flow, suggesting any upside from its upcoming earnings report is already priced into the shares. As a result, the risk/reward is more definitely negative. Powers maintained his Neutral rating and $96 price target on Estee Lauder shares ahead of its Q4 report, scheduled for August 18.
PG Procter & Gamble

03/06/17
03/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. MetLife (MET) downgraded to Neutral from Buy at BofA/Merrill with analyst Seth Weiss saying shares are now trading above the level of the disappointing fourth quarter earnings report and prefers Prudential (PRU) given it benefits more from improving interest rates and easing regulations. 2. Procter & Gamble (PG) downgraded to Neutral from Buy at B. Riley with analyst Linda Bolton Weiser saying that while the stock is up 11% from the December low, the company's fundamentals have weakened. The analyst cut her price target for the shares to $91 from $106. 3. GoPro (GPRO) downgraded to Sell from Neutral at Goldman with analyst Simona Jankowski saying the company faces "significant challenges" amid camera market saturation, product rollout issues in the holiday season, and a disappointing entry into the drone market. The analyst sees risk to consensus estimates and views the stock as overvalued. 4. Hawaiian Electric (HE) downgraded to Underperform from In Line at Evercore ISI with analyst Greg Gordon saying he believes the risk/return for shares is skewed to the downside and estimates a "significantly lower total return" compared to other utilities he covers. He maintains a $31 price target on Hawaiian Electric shares. 5. Akorn (AKRX) downgraded to Hold from Buy at Deutsche Bank with analyst Gregg Gilbert saying the risk/reward is more balanced following the recent rally in the shares. Upside from current levels will have more to do with the "hard-to-call dynamics of new product approvals vs. base business erosion," Gilbert tells investors in a research note. He cut his price target for the shares to $24 from $28. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/17
JPMS
03/21/17
INITIATION
Target $98
JPMS
Neutral
Procter & Gamble initiated with a Neutral at JPMorgan
JPMorgan analyst Andrea Teixeira started Procter & Gamble with a Neutral rating and $98 price target.
05/04/17
SUSQ
05/04/17
NO CHANGE
Target $41
SUSQ
Positive
Trade Desk wins Procter & Gamble as a customer, says Susquehanna
As reported by AdvertisingAge today, Procter & Gamble (PG) is moving its DSP business to Trade Desk's (TTD) platform in North America, as well as other geographies. Susquehanna analyst Shyam Patil said the win broadens Trade Desk's base of Tier 1 advertising partners and validates the company's market leadership and its ability to rapidly gain programmatic share. The analyst rates Trade Desk a Positive with a $41 price target.
07/17/17
DBAB
07/17/17
NO CHANGE
Target $90
DBAB
Hold
Procter & Gamble unlikely to miss near-term expectations, says Deutsche Bank
Deutsche Bank analyst Faiza Alwy believes Procter & Gamble's decision to not give Trian's Nelson Peltz a board seat as a sign that management is confident in its strategy and is unlikely to miss expectations over at least the next few months. The analyst notes the Wall Street Journal's reporting indicates that contrary to speculation from analysts, Trian is not seeking a breakup of the company. This idea was a non-starter given substantial dis-synergies and tax leakage, Alwy tells investors in a research note. The analyst keeps a Hold rating on the shares with a $90 price target.

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