TD Cowen Downgrades Estee Lauder Cos to Market Perform, Announces $120 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen has downgraded Estee Lauder Cos (NYSE:EL) from Outperform to Market Perform and set a price target of $120.
November 08, 2023 | 3:57 pm
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Estee Lauder Cos has been downgraded by TD Cowen from Outperform to Market Perform with a new price target of $120.
The downgrade from Outperform to Market Perform by TD Cowen indicates a less optimistic outlook for Estee Lauder Cos. This could potentially lead to a decrease in the stock price in the short term. The new price target of $120 also provides a benchmark for investors.
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