Estee Lauder price target raised to $95 from $60 at Citi

Citi raised the firm’s price target on Estee Lauder (EL) to $95 from $60 and keeps a Neutral rating on the shares. The firm adjusted price targets in the beverages, household and personal care group as part of a Q2 preview. It sees a slightly improved fundamentals across the sector heading into the reports relative to Q1.