Raymond James Maintains Strong Buy on Estee Lauder Cos, Lowers Price Target to $220
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Olivia Tong has maintained a 'Strong Buy' rating on Estee Lauder Cos (NYSE:EL), but lowered the price target from $240 to $220.
July 24, 2023 | 12:02 pm
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Estee Lauder's price target has been lowered from $240 to $220 by Raymond James, though the 'Strong Buy' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100