Erste Group analyst Stephan Lingnau downgraded L’Oreal (LRLCY) to Hold from Buy. The firm says weak sales in China will continue to weigh on the development of sales for L’Oreal as a whole.
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Read More on LRLCY:
- L’Oreal price target lowered to $80 from $100 at Argus
- L’Oreal downgraded to Equal Weight from Overweight at Morgan Stanley
- L’Oréal’s Record Year and Strategic Outlook
- Cautious Outlook on L’Oreal: Hold Rating Amid Subdued Global Beauty Growth
- L’Oreal price target lowered to EUR 422 from EUR 424 at Barclays