Estee Lauder Stock Is Trading Lower Monday: What's Behind The Move?
Portfolio Pulse from Adam Eckert
Estee Lauder Companies Inc (NYSE:EL) shares are trading lower following negative analyst adjustments. Piper Sandler and Raymond James have downgraded the company and lowered their price targets. This follows similar adjustments last week from Barclays and TD Cowen. Additionally, Estee Lauder recently identified a cybersecurity incident that has caused disruption to parts of its business operations.

July 24, 2023 | 3:03 pm
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NEGATIVE IMPACT
Estee Lauder's stock is trading lower due to negative analyst adjustments and a recent cybersecurity incident. Analysts from Piper Sandler, Raymond James, Barclays, and TD Cowen have downgraded the company and lowered their price targets.
The stock price of Estee Lauder is likely to be negatively impacted in the short term due to the combination of negative analyst adjustments and a recent cybersecurity incident. The downgrades and lowered price targets from multiple analysts indicate a lack of confidence in the company's performance. Additionally, the cybersecurity incident has caused disruptions to the company's business operations, which could potentially impact its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100