RBC Capital Downgrades Estee Lauder Cos to Sector Perform, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has downgraded Estee Lauder Cos (NYSE:EL) from Outperform to Sector Perform and lowered the price target from $195 to $115.
November 02, 2023 | 9:47 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Estee Lauder Cos has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from $195 to $115.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Estee Lauder Cos. The significant reduction in price target from $195 to $115 also suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100