Argus Downgrades Estee Lauder (EL) to Hold

September 9, 2016 7:51 AM EDT
Get Alerts EL Hot Sheet
Price: $79.85 --0%

Rating Summary:
    20 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 17
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Argus downgraded Estee Lauder (NYSE: EL) from Buy to Hold.

The analyst believes further market share gains will be difficult to achieve given challenging economic conditions, increased competition, and slower growth in the premium beauty products segment.

The firm is lowering FY17 EPS estimate from $3.70 to $3.56. For FY18, they are setting an estimate of $4.05.

For an analyst ratings summary and ratings history on Estee Lauder click here. For more ratings news on Estee Lauder click here.

Shares of Estee Lauder closed at $88.09 yesterday.

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