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L’Oreal downgraded to Hold from Buy at Berenberg

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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