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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Read More on EL:
- Estee Lauder price target lowered to $60 from $70 at B. Riley
- Estee Lauder price target lowered to $90 from $100 at RBC Capital
- Estee Lauder price target lowered to $75 from $92 at Piper Sandler
- Hold Rating on Estée Lauder Amid Declining Financial Performance and Uncertain Sales Outlook
- Estée Lauder Reports Decline in Third-Quarter Sales
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