Morgan Stanley Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has maintained an Overweight rating on Estee Lauder Cos (NYSE:EL) but lowered the price target from $243 to $200.
August 21, 2023 | 12:44 pm
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Morgan Stanley has maintained an Overweight rating on Estee Lauder but lowered the price target from $243 to $200.
The news is directly related to Estee Lauder. While the Overweight rating suggests that Morgan Stanley expects the stock to outperform the market, the lowering of the price target may indicate a reduced growth expectation. This could have a neutral impact on the stock as the positive and negative signals balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100