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L’Oreal downgraded to Underweight from Overweight at Barclays

Barclays downgraded L’Oreal (LRLCY) to Underweight from Overweight with a price target of EUR 325, down from EUR 384. The firm says that while beauty remains an attractive category, structural and cyclical pressures are creating a “new paradigm that global manufacturers are having to adapt to.” Barclays adjusted ratings in European consumer staples.

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