JP Morgan Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $173
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $191 to $173.
October 12, 2023 | 4:14 pm
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JP Morgan maintains an Overweight rating on Estee Lauder but lowers the price target from $191 to $173.
The news is directly about Estee Lauder. The Overweight rating indicates that JP Morgan expects the stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the stock might not rise as much as previously expected. This could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100