Wells Fargo Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Christopher Carey has maintained an Overweight rating on Estee Lauder Cos (NYSE:EL) but lowered the price target from $215 to $200.
August 21, 2023 | 2:07 pm
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Estee Lauder's price target has been lowered from $215 to $200 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, but the maintained Overweight rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100