Barclays Downgrades Estee Lauder Cos to Equal-Weight, Lowers Price Target to $193
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has downgraded Estee Lauder Cos (NYSE:EL) from Overweight to Equal-Weight and lowered the price target from $210 to $193.
July 21, 2023 | 12:27 pm
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Estee Lauder Cos has been downgraded by Barclays from Overweight to Equal-Weight, with a lowered price target from $210 to $193.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards Estee Lauder Cos. The lowered price target suggests that Barclays sees less upside potential in the stock, which could lead to selling pressure.
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