RBC Capital Maintains Outperform on Estee Lauder Cos, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained an 'Outperform' rating on Estee Lauder Cos (NYSE:EL) but lowered the price target from $265 to $195.
August 16, 2023 | 3:43 pm
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Estee Lauder's price target has been lowered by RBC Capital from $265 to $195, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in Estee Lauder's stock price in the short term. However, the maintained 'Outperform' rating suggests that the company is still expected to perform well relative to its peers.
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