Erste Group analyst Stephan Lingnau downgraded L’Oreal (LRLCY) to Hold from Buy. The company is seeing a growth slowdown in some of its product categories and the stock’s valuation looks high, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRLCY:
- L’Oreal upgraded to Buy from Hold at DZ Bank
- L’Oreal’s Growth and Valuation Concerns Lead to Sell Rating
- Is LVMH Eyeing Giorgio Armani? MC Stock Rises amid Speculation
- L’Oreal downgraded to Underperform from Hold at Jefferies
- L’Oreal: Balancing Digital Innovation and Competitive Challenges with a Hold Rating