Citigroup Maintains Buy on Estee Lauder Cos, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Buy rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $110 to $105.
August 20, 2024 | 4:01 pm
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Citigroup analyst Filippo Falorni maintains a Buy rating on Estee Lauder but lowers the price target from $110 to $105, indicating a slight decrease in expected valuation.
The maintained Buy rating suggests continued confidence in Estee Lauder's performance, but the lowered price target reflects a slight decrease in expected valuation. This could lead to neutral short-term price movement as the positive Buy rating balances the negative impact of the reduced price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100