Berenberg Starts Estee Lauder (EL) at Buy

September 9, 2016 7:42 AM EDT
Get Alerts EL Hot Sheet
Price: $78.79 --0%

Rating Summary:
    20 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Berenberg initiates coverage on Estee Lauder (NYSE: EL) with a Buy rating and a price target of $105.00.

Analyst Rosie Edwards commented, "We forecast top-line growth of 7.5% in 2017E-19E versus an HPC sector average of +4%. We believe this outperformance stems from the group’s exclusive premium exposure, which has enjoyed faster category growth, faced less pricing pressure and been insulated from local competition, relative to the mass segment."

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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