Bernstein Downgrades Estee Lauder Cos to Market Perform, Announces $160 Price Target
Portfolio Pulse from richadhand@benzinga.com
Bernstein analyst Callum Elliott has downgraded Estee Lauder Cos (NYSE:EL) from Outperform to Market Perform and set a price target of $160.
August 24, 2023 | 10:31 am
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Estee Lauder has been downgraded by Bernstein from Outperform to Market Perform with a new price target of $160.
The downgrade from Outperform to Market Perform by Bernstein indicates a less optimistic outlook for Estee Lauder's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $160 also provides a benchmark for investors.
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