DA Davidson Maintains Buy on Estee Lauder Cos, Lowers Price Target to $214
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Linda Bolton Weiser maintains a 'Buy' rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $246 to $214.
August 04, 2023 | 11:23 am
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Estee Lauder's price target has been lowered from $246 to $214 by DA Davidson, though the 'Buy' rating is maintained.
The lowering of the price target by DA Davidson could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100