JP Morgan Maintains Overweight on Estee Lauder Cos, Raises Price Target to $167
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Estee Lauder Cos (EL) and raises the price target from $150 to $167.
February 06, 2024 | 7:14 pm
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POSITIVE IMPACT
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Estee Lauder Cos and raises the price target from $150 to $167.
The upgrade in price target by a reputable analyst like Andrea Teixeira from JP Morgan is a strong positive signal for Estee Lauder Cos. It suggests a bullish outlook on the stock, likely due to anticipated strong performance or favorable market conditions. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100