RBC Capital Maintains Outperform on Estee Lauder Cos, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi maintains an Outperform rating on Estee Lauder Cos (NYSE:EL) but lowers the price target from $131 to $100.
November 01, 2024 | 6:10 pm
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RBC Capital has maintained its Outperform rating for Estee Lauder but has reduced the price target from $131 to $100, indicating a more cautious outlook.
The reduction in price target from $131 to $100 by RBC Capital suggests a more cautious outlook on Estee Lauder's stock performance, which could lead to a short-term negative impact on the stock price despite the maintained Outperform rating.
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