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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Read More on LRLCY:
- L’Oreal says beuaty market may grow at lower end of 4%-4.5% view
- L’Oreal reports Q1 like-for-like sales up 3.5% to EUR 11.73B
- Cautious Outlook for L’Oreal Amid Slower Beauty Sector Growth and Regional Challenges
- L’Oreal price target lowered to EUR 384 from EUR 422 at Barclays
- L’Oreal price target raised to EUR 374 from EUR 355 at Jefferies