Citigroup Downgrades Estee Lauder Cos to Neutral, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni has downgraded Estee Lauder Cos from Buy to Neutral and reduced the price target from $105 to $80.
October 31, 2024 | 7:08 pm
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Estee Lauder has been downgraded by Citigroup from Buy to Neutral, with a price target reduction from $105 to $80, indicating potential short-term pressure on the stock.
The downgrade from Buy to Neutral by a major financial institution like Citigroup, along with a significant reduction in the price target, suggests a less optimistic outlook for Estee Lauder. This is likely to lead to short-term selling pressure on the stock as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100