BofA raised the firm’s price target on Estee Lauder (EL) to $130 from $120 and keeps a Buy rating on the shares. Estee Lauder is the analyst’s top pick in beauty for 2026 as the firm is encouraged by the “Beauty Reimagined” plan, says the analyst, who cites higher EPS estimates for the firm’s raised target. Separately, BofA added Estee Lauder to the firm’s “US 1 list,” which represents a collection of BofA’s best investment ideas.
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