Morgan Stanley Maintains Equal-Weight on Estee Lauder Cos, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Estee Lauder Cos but has lowered the price target from $140 to $100.
August 20, 2024 | 1:18 pm
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Morgan Stanley has maintained an Equal-Weight rating on Estee Lauder Cos but has lowered the price target from $140 to $100, indicating a less optimistic outlook.
The reduction in price target from $140 to $100 by Morgan Stanley suggests a less optimistic view on Estee Lauder's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100