TD Cowen Maintains Outperform on Estee Lauder Cos, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen maintains an Outperform rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $200 to $180.
August 22, 2023 | 12:09 pm
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Estee Lauder's price target has been lowered from $200 to $180 by TD Cowen, though the Outperform rating is maintained.
The lowering of the price target by TD Cowen 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 80
RELEVANCE 100