Stifel Maintains Buy on Estee Lauder Cos, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has maintained a 'Buy' rating on Estee Lauder Cos (NYSE:EL) but lowered the price target from $265 to $225.
August 16, 2023 | 12:58 pm
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Estee Lauder's price target has been lowered by Stifel from $265 to $225, though the 'Buy' rating is maintained.
The news is directly related to Estee Lauder. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could have a neutral to slightly negative impact on the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100