Morgan Stanley Downgrades Estee Lauder Cos to Equal-Weight, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian downgraded Estee Lauder Cos (EL) from Overweight to Equal-Weight and reduced the price target from $164 to $140.

May 03, 2024 | 10:24 am
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Estee Lauder was downgraded by Morgan Stanley from Overweight to Equal-Weight, with a price target reduction from $164 to $140.
The downgrade by a major analyst like Morgan Stanley from Overweight to Equal-Weight, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment towards Estee Lauder in the short term. This could lead to a decrease in stock price as the market adjusts to the new valuation and expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100