B. Riley lowered the firm’s price target on Estee Lauder (EL) to $85 from $105 and keeps a Neutral rating on the shares. Estee Lauder latest results reinforce ongoing turnaround progress, showing continued organic sales growth and cost discipline, while the pullback reflects higher expectations for FY27 that require sustained recovery in China and travel retail plus broader market-share gains across key regions, the analyst tells investors in a research note.
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