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 22, 2023 | 11:55 am
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Estee Lauder's price target has been lowered from $243 to $200 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in Estee Lauder's stock price in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential for the stock's performance.
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IMPORTANCE 80
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