UBS Maintains Neutral on Estee Lauder Cos, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Peter Grom has maintained a Neutral rating on Estee Lauder Cos (NYSE:EL) while lowering the price target from $115 to $104.
August 20, 2024 | 12:30 pm
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UBS has maintained a Neutral rating on Estee Lauder but reduced the price target from $115 to $104, indicating a less optimistic outlook.
The reduction in the price target from $115 to $104 by UBS suggests a less optimistic view on Estee Lauder's short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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