Estee Lauder price target lowered to $90 from $100 at RBC Capital

RBC Capital lowered the firm’s price target on Estee Lauder (EL) to $90 from $100 and keeps an Outperform rating on the shares. The company reported a solid quarter with results that were within quarterly guidance on the topline and in excess of guidance on the bottom line, though its guidance was slightly softer than expected due to ongoing challenges in Asia travel retail and subdued consumer sentiment is APAC, the analyst tells investors in a research note.