Deutsche Bank Maintains Hold on Estee Lauder Cos, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Steve Powers maintains a Hold rating on Estee Lauder Cos (NYSE:EL) and lowers the price target from $108 to $105.
August 20, 2024 | 9:20 am
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Deutsche Bank has maintained its Hold rating on Estee Lauder but has lowered the price target from $108 to $105, indicating a slightly less optimistic outlook.
The lowering of the price target by Deutsche Bank suggests a less optimistic view on Estee Lauder's short-term performance, which could lead to a negative impact on the stock price. The Hold rating indicates that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100