Goldman Sachs Resumes Estee Lauder (EL) at Buy, Citing Secular Trends

December 14, 2012 9:03 AM EST
Get Alerts EL Hot Sheet
Price: $78.89 --0%

Rating Summary:
    20 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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Goldman Sachs resumes coverage on Estee Lauder (NYSE: EL) with a Buy. PT $77.00.

The firm comments, "We recommend investors buy pure-play EL to gain focused exposure to the most powerful secular trends in HPC and benefit by compounding returns on best-in-class mid-teens EPS growth"

Goldman notes the company benefits from direct exposure to two secular trends: (1) emerging market growth with outsized potential in Asia where both penetration and premiumization opportunities exceed other Staples categories; and (2) above-average DM growth where pursuit of the fountain of youth by an aging consumer drives higher trade-in and trade-up opportunities.

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 $59.91 yesterday.

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