Citigroup Reiterates Buy on Estee Lauder Cos, Maintains $240 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Filippo Falorni has reiterated a 'Buy' rating on Estee Lauder Cos (NYSE:EL) and maintained a price target of $240.
July 11, 2023 | 2:15 pm
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Estee Lauder Cos has been reiterated as a 'Buy' by Citigroup with a maintained price target of $240.
The reiteration of a 'Buy' rating by a major financial institution like Citigroup is a positive signal for investors. The maintained price target of $240 indicates that Citigroup believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100