Why This Estee Lauder Analyst Is No Longer Bullish Ahead Of Earnings
Portfolio Pulse from Henry Khederian
Bank of America analyst Bryan D. Spillane downgraded Estee Lauder (NYSE: EL) from Buy to Neutral and reduced the target price from $140 to $100 due to muted growth expectations. Estee Lauder faces challenges in profit recovery due to weaker performance in China and softening U.S. demand. Spillane also reduced fiscal 2025 EPS expectations from $3.95 to $3.55.
August 16, 2024 | 4:06 pm
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Bank of America downgraded Estee Lauder from Buy to Neutral and reduced the target price from $140 to $100 due to weaker performance in China and softening U.S. demand. Fiscal 2025 EPS expectations were also reduced from $3.95 to $3.55.
The downgrade from Buy to Neutral and the significant reduction in the target price indicate a bearish outlook. Weaker performance in China and softening U.S. demand are critical factors affecting Estee Lauder's profit recovery, leading to reduced EPS expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100