Estee Lauder shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $265 to $195. Also, Raymond James lowered its price target from $240 to $220 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder's stock has been downgraded from Overweight to Neutral by Piper Sandler, with a lowered price target from $265 to $195. Raymond James also lowered its price target from $240 to $220.
July 24, 2023 | 2:13 pm
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Estee Lauder's stock has been downgraded and its price target has been lowered by both Piper Sandler and Raymond James, which could negatively impact the stock's performance in the short term.
Analyst ratings and price targets are significant factors that investors consider when making investment decisions. The downgrade from Piper Sandler and the lowered price targets from both Piper Sandler and Raymond James could lead to a decrease in investor confidence in Estee Lauder, potentially causing the stock's price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100