Morgan Stanley Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $243
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has maintained an Overweight rating on Estee Lauder Cos (NYSE:EL) but lowered the price target from $255 to $243.
July 07, 2023 | 3:42 pm
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Estee Lauder's price target has been lowered by Morgan Stanley from $255 to $243, though the Overweight rating is maintained.
The news is directly related to Estee Lauder. While the Overweight rating indicates that Morgan Stanley expects the stock to outperform, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock's short-term performance.
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