DA Davidson Maintains Buy on Estee Lauder Cos, Lowers Price Target to $146
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Linda Bolton Weiser maintains a 'Buy' rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $185 to $146.
November 02, 2023 | 10:21 pm
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NEUTRAL IMPACT
Estee Lauder's price target has been lowered from $185 to $146 by DA Davidson, though the 'Buy' rating is maintained.
The lowering of the price target by DA Davidson could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100