Goldman Sachs Maintains Neutral on Estee Lauder Cos, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jason English maintains a Neutral rating on Estee Lauder Cos (NYSE:EL) and lowers the price target from $100 to $75.
November 01, 2024 | 5:07 pm
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Goldman Sachs has maintained a Neutral rating on Estee Lauder but has lowered the price target from $100 to $75, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less favorable view on Estee Lauder's future performance, which could negatively impact the stock price in the short term. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100