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EL

Estee Lauder

$128.18

-1.86 (-1.43%)

07:03
10/12/18
10/12
07:03
10/12/18
07:03

Estee Lauder downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Andrea Teixeira downgraded Estee Lauder to Neutral and lowered her price target for the shares to $138 from $154. There may be a deceleration in the travel retail channel ahead now that Chinese customs agents are implementing tighter controls at the border, according to local source, Teixeira tells investors in a research note. Further, she believes the de-rating in luxury peers related to the group's "outsized exposure" to Chinese consumers will likely put a cap on Estee Lauder's valuation as well. The analyst also sees less opportunity for earnings beats on margins in the near term given tariff costs.

  • 03

    Mar

EL Estee Lauder
$128.18

-1.86 (-1.43%)

09/20/18
ATLE
09/20/18
INITIATION
Target $162
ATLE
Overweight
Estee Lauder initiated with an Overweight at Atlantic Equities
Atlantic Equities analyst Edward Lewis initiated Estee Lauder with an Overweight rating and $162 price target, stating that it offers "unique exposure" to the growing appetite of the emerging Asian millennial consumer for prestige beauty products. He sees Estee being able to deliver double digit EPS growth to support an ongoing premium valuation, Lewis tells investors.
08/28/18
08/28/18
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. RH (RH) upgraded to Accumulate from Hold at Gordon Haskett. 2. Estee Lauder (EL) and Coty (COTY) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. First Business Financial (FBIZ) upgraded to Buy from Neutral at DA Davidson with analyst Kevin Reevey saying the current trading level on the stock presents an attractive entry point after its 10% month-to-date decline and a 19% retreat from its 52-week highs. 4. Regency Centers (REG) upgraded to Buy from Hold at Deutsche Bank with analyst Derek Johnston saying "clear signs" of a retail recovery has fueled the rally in strip real estate investment trusts in recent weeks. 5. Affimed N.V. (AFMD) upgraded to Buy from Hold at Jefferies with analyst Maury Raycroft saying its collaboration with Roche Group's (RHHBY) Genentech to develop and commercialize novel NK cell engagers indicate the intrinsic value in Affimed's platform and approach. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/28/18
08/28/18
UPGRADE
Target $14.5

Overweight
Morgan Stanley upgrades Coty, moves to Overweight for first time
As previously reported, Morgan Stanley analyst Dara Mohsenian upgraded Coty (COTY) to Overweight from Equal Weight, pointing out that this is the first time the firm has had an Overweight rating on the stock since the company's 2013 IPO. Following four sell-side downgrades in the last two weeks and the stock's 40% year-to-date decline, Mohsenian now sees the risk/reward as "compelling," he tells investors. The analyst sees improving visibility that Coty can return to steady topline growth and sees upside to adjusted consensus EBIT in FY19 and FY20, while also believing that JAB may increase its stake post the two-year lock-up restriction. Mohsenian, however, trimmed his price target on Coty shares to $14.50 from $17.00. He also upgraded beauty industry peer Estee Lauder (EL) to Overweight from Equal Weight this morning.
08/28/18
08/28/18
UPGRADE
Target $160

Overweight
Estee Lauder upgraded to Overweight after pullback at Morgan Stanley
As previously reported, Morgan Stanley analyst Dara Mohsenian upgraded Estee Lauder to Overweight from Equal Weight as he believes the stock's sharp pullback since mid-June has created a compelling entry point. Mohsenian thinks the market is not fully recognizing Estee Lauder's long-term growth potential while the pullback has priced in the risk associated with a China slowdown. Additionally, the strong U.S. macro backdrop has reduced the risk that the market could shift to a more defensive posture away from more discretionary names like Estee, the analyst tells investors. Mohsenian edged up his price target on Estee Lauder shares to $160 from $159.

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