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L’Oreal price target lowered to EUR 369 from EUR 374 at Jefferies

Jefferies lowered the firm’s price target on L’Oreal (LRLCY) to EUR 369 from EUR 374 and keeps a Hold rating on the shares. Following quarterly results, the firm said that it is taking into account the risk of a downturn, though shares are “underpinned.” Headline organic sales growth caused some confusion with regard to puts/takes of shipment impacts due to IT switches in 1Q24 and 1Q25, though once clarified, organic revenue underlying growth is running at 2.6%, ahead of a global category at roughly 2%, the analyst tells investors in a research note.

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