Goldman Sachs Added Estee Lauder (EL) to its Conviction Sell List

October 12, 2009 6:51 AM EDT

Goldman Sachs added The Estee Lauder Companies Inc. (NYSE: EL) to its Conviction Sell list with a downside price target of $32. The firm said Estee Lauder has overshot its fundamental value on optimism around the company’s restructuring plan and the potential for a return to solid sales growth as the economy recovers.


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Tom on Oct 12, 2009 08:15 PM

I think it was added to their conction "SELL" list


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