B of A Securities Maintains Neutral on Estee Lauder Cos, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Estee Lauder Cos but has lowered the price target from $100 to $75.
November 01, 2024 | 6:29 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Estee Lauder Cos but has lowered the price target from $100 to $75, indicating a less optimistic outlook.
The lowering of the price target from $100 to $75 by B of A Securities suggests a less optimistic 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 significant reduction in the price target is likely to weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100