L’Oreal price target raised to $105 from $95 at Argus

Argus raised the firm’s price target on L’Oreal (LRLCY) to $105 from $95 and keeps a Buy rating on the shares. L’Oreal benefits from its strong brand reputation, premium products, expanding e-commerce business, and significant presence in Asia, and should continue to take advantage of positive trends in the cosmetics industry, the analyst tells investors in a research note. Given its clean balance sheet, Argus also expects the company to continue to raise the dividend and repurchase shares.