Telsey Advisory Group Maintains Outperform on Estee Lauder Cos, Lowers Price Target to $210
Portfolio Pulse from richadhand@benzinga.com
Telsey Advisory Group has maintained its 'Outperform' rating on Estee Lauder Cos (NYSE:EL) but has lowered the price target from $250 to $210.
August 21, 2023 | 9:13 am
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Estee Lauder's price target has been lowered from $250 to $210 by Telsey Advisory Group, though the 'Outperform' rating is maintained.
The lowering of the price target by Telsey Advisory Group could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100