Berenberg downgraded L’Oreal (LRLCY) to Hold from Buy with a price target of EUR 385, down from EUR 454. The global beauty market will grow by 3.7% in 2025, which is below L’Oreal management’s 4%-4.5% expectation, the analyst tells investors in a research note.
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Read More on LRLCY:
- L’Oreal upgraded to Outperform from Sector Perform at RBC Capital
- L’Oreal recalls acne treatment amid cancer-linked chemical, Bloomberg reports
- L’Oreal downgraded to Hold from Buy at Erste Group
- L’Oreal price target lowered to $80 from $100 at Argus
- L’Oreal downgraded to Equal Weight from Overweight at Morgan Stanley