Telsey Advisory Group Downgrades Estee Lauder Cos to Market Perform, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has downgraded Estee Lauder Cos (NYSE:EL) from Outperform to Market Perform and lowered the price target from $210 to $115.
November 02, 2023 | 10:49 am
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Estee Lauder Cos has been downgraded by Telsey Advisory Group from Outperform to Market Perform. The price target has also been lowered from $210 to $115.
The downgrade from Outperform to Market Perform indicates that the analyst believes the company's stock will perform approximately as well as other companies in the market over the near term. The significant reduction in the price target from $210 to $115 suggests that the analyst expects the stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100