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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100