Morgan Stanley Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has maintained an Overweight rating on Estee Lauder Cos (NYSE:EL) but lowered the price target from $200 to $134.
November 02, 2023 | 4:21 pm
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Estee Lauder's price target has been lowered by Morgan Stanley from $200 to $134, while maintaining an Overweight rating.
The lowering of the price target by a major financial institution like Morgan Stanley could lead to a negative sentiment among investors, potentially causing a short-term decrease in Estee Lauder's stock price. However, the maintained Overweight rating indicates that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100