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L’Oreal upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded L’Oreal (LRLCY) to Outperform from Sector Perform with a price target of EUR 420, up from EUR 390. Considering attractive growth in the beauty market, confirmed by the firm’s work in hair and skin care, as well as L’Oreal’s “strong insight and energetic product launch” program, the firm thinks the company can go back to delivering industry-leading growth.

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