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Estee Lauder price target raised to $62 from $60 at UBS

UBS raised the firm’s price target on Estee Lauder (EL) to $62 from $60 and keeps a Neutral rating on the shares. While Estee Lauder delivered a strong Q3 beat, Q4 implied guidance is well below and the path forward remains uncertain, the analyst tells investors in a research note.

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