TD Cowen Maintains Hold on Estee Lauder Cos, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Oliver Chen maintains a Hold rating on Estee Lauder Cos (NYSE:EL) and lowers the price target from $95 to $70.
November 01, 2024 | 6:15 pm
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TD Cowen analyst Oliver Chen maintains a Hold rating on Estee Lauder Cos but lowers the price target from $95 to $70, indicating a less optimistic outlook.
The reduction in price target from $95 to $70 by TD Cowen suggests a less favorable view on Estee Lauder's future performance, which could lead to a negative short-term impact on the stock price. The Hold rating indicates that the analyst does not see immediate upside potential.
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IMPORTANCE 80
RELEVANCE 100