Estee Lauder upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Estee Lauder (EL) to Overweight from Neutral with a price target of $101, up from $62. The firm also placed the shares on “Positive Catalyst Watch” into the earnings report. Estee will report results at the top of its guidance given the “better than feared” 6.18 event and better performance online, the analyst tells investors in a research note. JPMorgan also believes the company “will inflect” like-for-like sales in the holiday quarter.