Canaccord Genuity Maintains Buy on Estee Lauder Cos, Lowers Price Target to $146
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Susan Anderson maintains a 'Buy' rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $162 to $146.
August 21, 2023 | 1:02 pm
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NEUTRAL IMPACT
Estee Lauder's price target has been lowered from $162 to $146 by Canaccord Genuity, though the 'Buy' rating is maintained.
The news is directly about Estee Lauder. The lowering of the price target might indicate a potential downside risk, but the maintained 'Buy' rating suggests that the analyst still sees value in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100