Morgan Stanley Maintains Equal-Weight on Estee Lauder Cos, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Estee Lauder Cos but lowered the price target from $100 to $85.
November 01, 2024 | 5:56 pm
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Morgan Stanley has maintained an Equal-Weight rating on Estee Lauder Cos but lowered the price target from $100 to $85, indicating a less optimistic outlook.
The lowering of the price target from $100 to $85 by Morgan Stanley suggests a less optimistic view on Estee Lauder's future performance, which could negatively impact the stock price in the short term. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100