Redburn Atlantic Upgrades Estee Lauder Cos to Neutral, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Chris Pitcher has upgraded Estee Lauder Cos (NYSE:EL) from Sell to Neutral and lowered the price target from $160 to $150.
September 15, 2023 | 9:04 am
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POSITIVE IMPACT
Estee Lauder Cos has been upgraded from Sell to Neutral by Redburn Atlantic, with a lowered price target of $150.
The upgrade from Sell to Neutral indicates a more positive outlook for Estee Lauder Cos. However, the lowering of the price target from $160 to $150 suggests that the analyst believes the stock is currently overvalued. This could lead to a short-term increase in the stock price due to the upgrade, but a potential decrease in the longer term due to the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100