Estee Lauder appoints company insider as new CEO to tackle demand headwinds
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Evercore ISI Reiterates Outperform Rating on Estee Lauder (EL)
October 31, 2024 8:55 AM EDTEvercore ISI analyst Robert Ottenstein reiterated an Outperform rating and $130.00 price target on Estee Lauder (NYSE: EL).
The analyst comments "Estees reliance on China, mainland and throughout travel corridors, is underscored yet again. There are no multiple engines of growth, at least not profitable ones, and as Asia Travel Retail stopped taking orders, operating losses elsewhere surface. Results suggest significant organizational and commercial weaknesses and challenges outside Asia. For... More
Citi Downgrades Estee Lauder (EL) to Neutral
October 31, 2024 8:53 AM EDTCiti analyst Filippo Falorni downgraded Estee Lauder (NYSE: EL) from Buy to Neutral with a price target of $80.00 (from $105.00).
The analyst comments "Even though the bar was very low for EL, F1Q25 results and guidance update were much worse than... More
