Estee Lauder May Lose Share In North America, But Not This Region: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
RBC Capital Markets analyst Nik Modi has reiterated an Outperform rating on Estee Lauder Companies, Inc. (EL), but lowered the price target from $265 to $195. Modi expects a solid reaction to EL's upcoming Q4 and full-year results, but the direction is uncertain. The analyst notes that EL is losing market share in North America, but sees strong growth in Mainland China. For FY24, Modi expects 0-2% top-line growth and EPS of $4.10-$4.40.
August 16, 2023 | 6:52 pm
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Estee Lauder's price target has been lowered by RBC Capital Markets, reflecting potential challenges in North America. However, strong growth in China could offset this. The company's FY24 top-line growth is expected to be 0-2%, with an EPS of $4.10-$4.40.
The lowering of Estee Lauder's price target by RBC Capital Markets indicates potential challenges in the North American market. However, the company's strong growth in China could offset this. The analyst's expectations for FY24, including 0-2% top-line growth and an EPS of $4.10-$4.40, could also influence the stock's performance.
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