Jefferies analyst Molly Wylenzek says L’Oreal (LRLCY) reported a “notable miss” in Q3 amid high expectations. The company’s sales growth of 4.2% is a 50 basis point miss relative to consensus, the analyst tells investors in a research note. Jefferies believes L’Oreal’s “lack of momentum” will weigh on the shares. It keeps an Underperform raring on the shares with an EUR 340 price target
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