Estee Lauder price target raised to $107 from $90 at RBC Capital

RBC Capital analyst Nik Modi raised the firm’s price target on Estee Lauder (EL) to $107 from $90 and keeps an Outperform rating on the shares. The company reported solid Q4 results that landed within the company’s expected range, and while its FY26 EPS guidance may have fallen short of bullish buyside expectations, the management is taking the correct steps to execute a measured return to growth, the analyst tells investors in a research note. RBC adds that the assumptions baked into Estee Lauder’s outlook are reasonable given that the management’s commentary regarding the operating environment is on par with that of its beauty peers.