Citigroup Upgrades Estee Lauder Cos to Buy, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni upgraded Estee Lauder Cos (EL) from Neutral to Buy and increased the price target from $160 to $175.
April 02, 2024 | 12:43 pm
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Estee Lauder Cos was upgraded by Citigroup from Neutral to Buy, with a price target increase from $160 to $175.
Upgrades by major financial institutions like Citigroup generally lead to positive short-term price movements for stocks. The increase in price target reflects a bullish outlook on the company's future performance, likely influencing investor sentiment positively.
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IMPORTANCE 90
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