Estee Lauder price target raised to $95 from $90 at Wells Fargo

Wells Fargo raised the firm’s price target on Estee Lauder (EL) to $95 from $90 and keeps an Equal Weight rating on the shares. The firm notes the company started Q1 well. Wells senses a prevailing view Estee can accelerate sales progressively through FY26 against YA comparable sales which appear optically easy. The firm, however, models sales decelerating which, if reality, probably caps shares a bit at a high price to earnings.