JPMorgan Upgrades Estee Lauder (EL) to Overweight

JPMorgan analyst Andrea Teixeira upgraded Estee Lauder (NYSE: EL) from Neutral to Overweight with a price target of $175.00 (from $160.00).

• Says concerns over deceleration appear overdone.
• Comes away from Analyst Day more confident that FY 2019 and LT top line growth/EPS goals are achievable and possibly conservative.

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 $153.88 yesterday.

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