Goldman Sachs Downgrades Estee Lauder Cos to Neutral, Maintains Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jason English downgraded Estee Lauder Cos (EL) from Buy to Neutral while maintaining the price target at $145. This adjustment reflects a change in the bank's outlook on the company's stock.

March 01, 2024 | 11:58 am
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NEUTRAL IMPACT
Goldman Sachs downgraded Estee Lauder from Buy to Neutral, maintaining a price target of $145. This indicates a neutral outlook on the stock's short-term performance.
The downgrade from Buy to Neutral by a major financial institution like Goldman Sachs suggests a more cautious stance on Estee Lauder's stock. While the price target remains unchanged, the adjustment in rating could lead to a neutral or slightly negative investor sentiment in the short term, as it reflects a tempered expectation of stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100