Estee Lauder shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight.
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder's stock has been downgraded from Overweight to Equal-Weight by Barclays, leading to a decrease in the company's share price.
July 20, 2023 | 2:15 pm
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Estee Lauder's stock was downgraded by Barclays, which has resulted in a decrease in the share price.
The downgrade of Estee Lauder's stock by Barclays from Overweight to Equal-Weight indicates a less optimistic outlook for the company's stock. This has led to a decrease in the share price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100