JP Morgan Maintains Overweight on Estee Lauder Cos, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $129 to $105.
August 20, 2024 | 3:18 pm
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JP Morgan has maintained its Overweight rating on Estee Lauder but reduced the price target from $129 to $105, indicating a more cautious outlook.
The reduction in price target from $129 to $105 by JP Morgan suggests a more cautious outlook on Estee Lauder's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100