Estee Lauder price target raised to $85 from $75 at Wells Fargo

Wells Fargo raised the firm’s price target on Estee Lauder (EL) to $85 from $75 and keeps an Equal Weight rating on the shares. The firm says the company established expectations for organic sales to accelerate Q4 and FY27 vs. just reported Q3 2026, while also firming its fiscal 2027 operating margin targets. That raises the bar but also provides more tangible direction of travel, all as a potential PUIG transaction hangs in the balance, Wells adds.