Evercore ISI Group Maintains Outperform on Estee Lauder Cos, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Robert Ottenstein has maintained an 'Outperform' rating on Estee Lauder Cos (NYSE:EL), but lowered the price target from $250 to $200.
August 21, 2023 | 3:01 pm
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NEUTRAL IMPACT
Estee Lauder's price target has been lowered from $250 to $200 by Evercore ISI Group, though the 'Outperform' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100