Canaccord Genuity Maintains Hold on Estee Lauder Cos, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Hold rating on Estee Lauder Cos but lowered the price target from $100 to $75, indicating a more cautious outlook on the stock.
November 01, 2024 | 12:32 pm
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Canaccord Genuity has maintained a Hold rating on Estee Lauder Cos but lowered the price target from $100 to $75, indicating a more cautious outlook on the stock.
The lowering of the price target from $100 to $75 by Canaccord Genuity suggests a negative sentiment towards Estee Lauder's short-term performance. This could lead to a decrease in investor confidence and a potential decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100