Berenberg Downgrades Estee Lauder Cos to Hold, Lowers Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Berenberg analyst Fulvio Cazzol has downgraded Estee Lauder Cos (NYSE:EL) from Buy to Hold and lowered the price target from $224 to $118.
November 03, 2023 | 10:15 am
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NEGATIVE IMPACT
Estee Lauder Cos has been downgraded from Buy to Hold by Berenberg, with a lowered price target from $224 to $118.
The downgrade from Buy to Hold and the significant reduction in price target by Berenberg analyst Fulvio Cazzol could negatively impact investor sentiment towards Estee Lauder Cos, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100