Jefferies analyst Molly Wylenzek lowered the firm’s price target on L’Oreal (LRLCY) to EUR 355 from EUR 365 and keeps a Hold rating on the shares. Global beauty undershot the long-term trend in the second half of 2024 as China and the U.S. decelerated further, the firm notes. But sequential improvement Q4 on Q3 is providing some hope that market risk is no longer to the downside, Jefferies adds.
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