Atropos Therapeutics announces collaboration agreement with Estee Lauder » 10:4008/1308/13/20
Atropos Therapeutics announced a joint development agreement with The Estee Lauder Companies. Andrew Koff, Founder of Atropos Therapeutics, said, "Partnering with The Estee Lauder Companies, a leader in global prestige beauty that uses natural products nicely complements our pipeline efforts to identify senomodulating chemicals by high content screening and using AI based drug design to interfere with activities necessary for geroconversion and senescence. With the three pipelines open, Atropos can move to the next stage of its development with isolated molecules in hand."
Fly Intel: Top five analyst upgrades » 10:1308/1308/13/20
HAL, EL, SWN, EAT, SLB
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Halliburton (HAL) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Angie Sedita saying in an oil price recovery, she sees Halliburton having greater earnings upside versus its peer group given the company's significant structural cost-cutting in 2020. 2. Southwestern Energy (SWN) upgraded to Equal Weight from Underweight at Wells Fargo with analyst Nitin Kumar citing the improved free cash flow outlook following the Montage Resources (MR) deal. 3. Brinker (EAT) upgraded to Buy from Hold at Gordon Haskett with analyst Jeff Farmer saying the company's newly formed virtual restaurant strategy with delivery partner DoorDash can drive a highly incremental, high margin revenue stream, create a competitive advantage over the casual dining peer group and insulate sales Chili's against a potential second wave of state-mandated restaurant closures if the pandemic sees a resurgence. 4. Schlumberger (SLB) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Christopher Voie saying he believes higher free cash flow conversion should partially offset a lower growth outlook versus history. 5. Estee Lauder (EL) upgraded to Outperform from Perform at Oppenheimer with analyst Rupesh Parikh saying he sees a more rapid profit recovery than previously envisioned driven by the Chinese consumer, a resilient skincare category, and accelerated online growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Micron downgrade, Estee Lauder upgrade among today's top calls on Wall Street » 10:0208/1308/13/20
MU, WDC, EL, BJ, EAT, DASH, CZR
Check out today's top…
Estee Lauder upgraded to Outperform at Oppenheimer » 07:4608/1308/13/20
As previously reported,…
As previously reported, Oppenheimer analyst Rupesh Parikh upgraded Estee Lauder to Outperform from Perform with a price target of $240, up from $160. Additionally, the analyst is again establishing the name as a top pick. He sees a more rapid profit recovery than previously envisioned driven by the Chinese consumer, a resilient skincare category, and accelerated online growth.
Estee Lauder upgraded to Outperform from Perform at Oppenheimer » 05:4508/1308/13/20
Oppenheimer analyst Rupesh Parikh upgraded Estee Lauder to Outperform from Perform with a $240 price target.
Estee Lauder price target raised to $235 from $185 at Stifel » 07:2608/1208/12/20
Stifel analyst Mark…
Stifel analyst Mark Astrachan raised the firm's price target on Estee Lauder to $235 from $185 and reiterated a Buy rating on the shares. The analyst anticipates better-than-expected results to drive share price outperformance due to muted expectations. Astrachan's favorable view is based on June quarter results from international peers that generally showed accelerating sales growth through the quarter, including in Mainland China and meaningfully better-than-feared declines in Travel Retail, he told investors. He also said peer e-commerce results suggest growth of as much as 75% for Estee Lauder.
Fly Intel: Top five weekend stock stories » 19:2908/0908/09/20
TWTR, MSFT, SPG, AMZN, JCP, SHLD, AAPL, SHOP, ZM, QCOM, EL, LEN, LEN.B, BF.A, BF.B, LBRDA, LBRDK, FWONA, FWONK
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Twitter (TWTR) has approached TikTok's Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, Reuters' Greg Roumeliotis and Kanishka Singh reported, citing two people familiar with the matter. It is far from certain that Twitter would be able to outbid Microsoft (MSFT) and complete such a transformative deal in the 45 days that President Donald Trump has given ByteDance to agree to a sale, the sources said. Meanwhile, NPR's Bobby Allyn reported that TikTok is planning to sue the Trump administration, challenging President Trump's executive order banning the service from the United States. The video-sharing app will file the federal lawsuit as soon as Tuesday, according to a person familiar with the matter. NPR has learned that the lawsuit will argue that President Trump's far-reaching action is unconstitutional because it failed to give the company a chance to respond. It also alleges that the administration's national security justification for the order is baseless, according to the source. 2. Simon Property Group (SPG), the biggest mall owner in the U.S., has been in talks with Amazon (AMZN) to turn some of its anchor department-store spaces into Amazon fulfillment centers, The Wall Street Journal's Esther Fung and Sebastian Herrera reported, citing people familiar with the matter. Simon's discussions with the online retailer have been under way for months and began before the coronavirus pandemic, the people said. The two companies have explored converting stores formerly occupied by J.C. Penney (JCP) and Sears (SHLD) into Amazon distribution centers; in some cases, Simon and Amazon explored buying out occupied space from the retailers, sources added. 3. Apple (AAPL) shares came tantalizingly close to the historic $2T threshold this past week, Barron's Eric Savitz wrote in this week's edition of Barron's. For years, bulls asserted that Apple shares looked cheap on most typical valuation metrics, but the rally has driven the stock to its highest level in at least a decade based on whatever metric you want to use: price to earnings, price to sales, price to book, the author noted. Nonetheless, with Shopify (SHOP) trading for 50 times sales, Zoom Video (ZM) trading for 40 times and Microsoft trading for 10 times sales, Apple at $2T is no longer cheap but also not crazy, the report contended. 4. Qualcomm (QCOM) is lobbying the Trump administration to roll back restrictions on the sale of advanced components to Huawei Technologies, wading into the intensifying technology battle between the U.S. and China, The Wall Street Journal's Asa Fitch and Kate O'Keeffe reported. Qualcomm is telling U.S. policy makers their export ban won't stop Huawei from obtaining necessary components and just risks handing billions of dollars of Huawei sales to the U.S. firm's overseas competitors, according to a presentation reviewed by The Wall Street Journal that the company has been circulating around Washington. 5. Estee Lauder (EL), Lennar (LEN; LEN.B), Brown Forman (BF.A; BF.B), Liberty Broadband (LBRDA; LBRDK), Liberty Formula One (FWONA; FWONK) saw positive mentions in this week's edition of Barron's.
Estee Lauder stock could shine after pandemic, Barron's says » 09:4708/0808/08/20
Estee Lauder was a…
Estee Lauder was a winning stock before the pandemic hit, then came COVID-19 and the shares sold off as costumers grew more interested in buying Lysol than lipstick, Teresa Rivas writes in this week's edition of Barron's. However, investors should consider buying on the dip as recessions historically have had little lasting impact on the business, the author contends, adding that Este Lauder shares are richly valued but still have room to rise. Reference Link
|Over a week ago|
Estee Lauder price target raised to $156 from $150 at JPMorgan » 08:5807/1607/16/20
JPMorgan analyst Andrea…
JPMorgan analyst Andrea Teixeira raised the firm's price target on Estee Lauder to $156 from $150 and keeps an Underweight rating on the shares. The analyst expects another strong earnings season for most Household Products and Personal Care names due to "stay home tailwinds," consumer preference for brands versus private label, low promotional activity and commodities costs helping profitability. Also, consumers seem to be diverting their wallet from travel and entertainment to at-home consumption, Teixeira tells investors in a research note.
|Over a month ago|
L'Oreal downgraded to Sell from Hold at Berenberg » 04:4407/1007/10/20
Berenberg analyst Fulvio…
Berenberg analyst Fulvio Cazzol downgraded L'Oreal (LRLCY) to Sell from Hold with a price target of EUR 241, up from EUR 225. Following the share gains over the past few months, it is not "prudent" to take profits, Cazzol tells investors in a research note. The analyst believes Estee Lauder (EL) could be a more attractive investment at this time.