Wells Fargo Starts Estee Lauder (EL) at Outperform; Current Price Offers Investors Good Entry Point

Wells Fargo initiates coverage on Estee Lauder (NYSE: EL) with an Outperform. PT range $59-62.

Analyst, Timothy Conder, said, "We view EL's deep and experienced management team as best in class among our beauty and personal care coverage. Organic sales growth will likely moderate in the next few years from unsustainable recession-recovery growth rates, but should still progress mid to high single digits as management strategically invests in the fastest-growing parts of the beauty industry: the travel retail channel and developing and emerging (D&E) markets including China and Brazil."

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 $56.15 yesterday.

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