e.l.f. Beauty Will Maintain Growth Momentum Despite Tailwinds - This Analyst Upgrades Stock Ahead Of Q2
Portfolio Pulse from Lekha Gupta
Raymond James analyst Olivia Tong has upgraded e.l.f. Beauty Inc (ELF) to 'Strong Buy' from 'Outperform' with a lowered price target of $140 from $145, expecting the company to maintain growth momentum. On the other hand, Newell Brands Inc (NWL) was downgraded to 'Outperform' from 'Strong Buy' with a cut price target to $10 from $13 due to a challenging sales recovery and other factors. Icahn Enterprises LP (IEP) was also mentioned in relation to NWL's lowered outlook.
October 23, 2023 | 5:35 pm
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POSITIVE IMPACT
ELF has been upgraded to 'Strong Buy' from 'Outperform' with a lowered price target of $140 from $145.
The upgrade by Raymond James analyst indicates a positive outlook for ELF, which could drive its stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
IEP was mentioned in relation to NWL's lowered outlook.
IEP's mention in relation to NWL's lowered outlook does not directly impact IEP's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
NWL has been downgraded to 'Outperform' from 'Strong Buy' with a cut price target to $10 from $13.
The downgrade by Raymond James analyst indicates a negative outlook for NWL, which could drive its stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100