Estee Lauder (EL) PT Lowered to $180 at TD Cowen
Get Alerts EL Hot Sheet
Price: $109.23 +0.39%
Rating Summary:
22 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
Rating Summary:
22 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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TD Cowen analyst Oliver Chen lowered the price target on Estee Lauder (NYSE: EL) to $180.00 (from $200.00) while maintaining a Outperform rating.
The analyst commented, ". FY24 guide was below Street as Hainan retail sales were pressured in May & June given a renewed focus on cracking down on Diagou. Hopefully, the bar is low enough for beat and raises, but recovery is 2H weighted. EL continues to see LT margins heading to ~20% once the business normalizes, which could take time but achievable in our view."
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