Piper Sandler Downgrades Estee Lauder Cos to Neutral, Lowers Price Target to $195
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Korinne Wolfmeyer has downgraded Estee Lauder Cos (NYSE:EL) from Overweight to Neutral and lowered the price target from $265 to $195.
July 24, 2023 | 10:02 am
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NEGATIVE IMPACT
Estee Lauder Cos has been downgraded by Piper Sandler from Overweight to Neutral, with a reduced price target of $195, down from $265.
The downgrade from Overweight to Neutral by Piper Sandler, along with the reduction in price target, indicates a less optimistic outlook for Estee Lauder Cos. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100