Estee Lauder shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $160 to $175.
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder's stock price increased following an upgrade by Citigroup from Neutral to Buy, with a raised price target from $160 to $175.
April 02, 2024 | 12:57 pm
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POSITIVE IMPACT
Estee Lauder's stock price is likely to experience a short-term increase following the upgrade by Citigroup from Neutral to Buy and the raised price target from $160 to $175.
Analyst upgrades and raised price targets are strong indicators of a stock's potential short-term performance. Citigroup's upgrade from Neutral to Buy and the increase in price target for Estee Lauder suggest a positive outlook on the company's financial health and growth prospects, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100