Jefferies Downgrades Estee Lauder Cos to Hold, Lowers Price Target to $190
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Ashley Helgans has downgraded Estee Lauder Cos (NYSE:EL) from Buy to Hold and lowered the price target from $270 to $190.
July 27, 2023 | 9:55 am
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Estee Lauder Cos has been downgraded from Buy to Hold by Jefferies, with a lowered price target from $270 to $190.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Estee Lauder Cos. The lowered price target from $270 to $190 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock price in the short term.
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IMPORTANCE 80
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