JP Morgan Downgrades Estee Lauder Cos to Neutral, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Estee Lauder Cos from Overweight to Neutral and reduced its price target from $113 to $74.
November 01, 2024 | 10:57 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has downgraded Estee Lauder Cos from Overweight to Neutral and reduced its price target from $113 to $74, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral by JP Morgan suggests a less favorable view on Estee Lauder's stock performance. The significant reduction in the price target from $113 to $74 indicates a bearish outlook, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100