Evercore ISI Group Maintains Outperform on Estee Lauder Cos, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Estee Lauder Cos but has lowered the price target from $180 to $130.

August 20, 2024 | 12:50 pm
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Evercore ISI Group has maintained an 'Outperform' rating on Estee Lauder Cos but has lowered the price target from $180 to $130, indicating a more cautious outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in Estee Lauder's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100