Canaccord analyst Susan Anderson lowered the firm’s price target on Estee Lauder (EL) to $80 from $100 and keeps a Hold rating on the shares. The firm believes the recent sell-off in the beauty, health and wellness sector since the start of the conflict with Iran has led to some attractive buying opportunities as the group has been disproportionately impacted and is generally underperforming the overall market with attractive valuations.
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