Telsey Advisory Group Maintains Market Perform on Estee Lauder Cos, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has maintained a Market Perform rating on Estee Lauder Cos (NYSE:EL) but has lowered the price target from $115 to $105.
August 20, 2024 | 11:30 am
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Telsey Advisory Group has maintained a Market Perform rating on Estee Lauder but lowered the price target from $115 to $105, indicating a less optimistic outlook.
The lowering of the price target by Telsey Advisory Group suggests a less optimistic view on Estee Lauder's future performance, which could negatively impact the stock price in the short term. The Market Perform rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100