B of A Securities Downgrades Estee Lauder Cos to Neutral, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Estee Lauder Cos (NYSE:EL) from Buy to Neutral and lowered the price target from $140 to $100.
August 16, 2024 | 11:25 am
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B of A Securities has downgraded Estee Lauder Cos from Buy to Neutral and lowered the price target from $140 to $100.
The downgrade from Buy to Neutral and the significant reduction in the price target from $140 to $100 by B of A Securities is likely to negatively impact Estee Lauder's stock price in the short term. This indicates a less optimistic outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100