Raymond James Downgrades Estee Lauder Cos to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has downgraded Estee Lauder Cos (NYSE:EL) from Strong Buy to Market Perform.

July 22, 2024 | 10:44 am
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Raymond James analyst Olivia Tong has downgraded Estee Lauder Cos from Strong Buy to Market Perform, indicating a less optimistic outlook on the stock.
The downgrade from Strong Buy to Market Perform by a reputable analyst at Raymond James suggests a less favorable outlook for Estee Lauder. This is likely to put short-term pressure on the stock price as investors react to the revised rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100