Estee Lauder price target raised to $99 from $66 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Estee Lauder (EL) to $99 from $66 and keeps a Market Perform rating on the shares. While Profit Recovery and Growth Plan is beginning to show tangible results, the firm sees meaningful challenges ahead for the company, particularly from weakness in Asia travel retail and the maturing North America beauty market, the analyst tells investosr.