Morgan Stanley downgraded L’Oreal (LRLCY) to Equal Weight from Overweight with a price target of EUR 379, down from EUR 394. The firm struggles to see “obvious” upgrades to earnings estimates or the stock’s multiple amid the company’s “still decelerating growth.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRLCY: