JPMorgan lowered the firm’s price target on Estee Lauder (EL) to $99 from $101 and keeps an Overweight rating on the shares. The firm updated the company’s model post the fiscal Q4 report. The firm says Estee is moving in the right direction despite the “soft” Q1 outlook with Skin resurfacing in China and travel retail improving.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EL:
- Estee Lauder price target raised to $100 from $98 at Deutsche Bank
- Estée Lauder Reports Fiscal 2025 Results Amid Strategic Shifts
- Closing Bell Movers: Nordson up 5% after Q3 earnings beat
- Hold Rating for Estée Lauder Amid Market Challenges and High Valuation
- Unusually active option classes on open August 20th