Estee Lauder Analysts Cut Their Forecasts After Q4 Results
Portfolio Pulse from Lisa Levin
Estee Lauder Companies Inc (NYSE:EL) reported better-than-expected Q4 FY23 earnings but issued weak guidance for FY24. The company's shares fell 3.3% following the announcement. Analysts from Telsey Advisory Group, Raymond James, and Citigroup have subsequently lowered their price targets for Estee Lauder.
August 21, 2023 | 12:53 pm
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Estee Lauder's weak FY24 guidance has led to a drop in its share price and lowered price targets from analysts.
Estee Lauder's weak guidance for FY24 is a negative signal for investors, indicating potential challenges in the company's future performance. This has led to a drop in the company's share price and lowered price targets from analysts, suggesting a bearish outlook for the stock in the short term.
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