Barclays Maintains Equal-Weight on Estee Lauder Cos, Raises Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on Estee Lauder Cos (NYSE:EL) and increased the price target from $101 to $121.
January 16, 2024 | 6:11 pm
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Barclays has maintained an Equal-Weight rating on Estee Lauder but raised the price target from $101 to $121, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a more optimistic valuation of Estee Lauder's stock, suggesting that the analyst sees potential for the stock price to rise to the new target. This could lead to increased investor confidence and a potential short-term increase in the stock price. However, since the rating remains at Equal-Weight, the recommendation is not a strong buy, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100