Deutsche Bank Lowers Price Target on Estee Lauder (EL); Q2 Preview: Headwinds Remain
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Price: $86.10 -1.4%
Rating Summary:
20 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank maintains a 'Hold' on Estee Lauder (NYSE: EL) price target of $57.00 (from $65.00).
Deutsche analyst said, "AVP is yet to announce its 2Q12 earnings release date but is expected to be during first week of August. Our 2Q12 EPS of $0.23 is $0.01 above Street and down 53% YoY...We expect total sales decline of 6.8% with f/x hit of about 8 pts. Organic growth of 1.4% should be driven entirely by price/mix. Flat volume growth is sequentially better than in recent quarters with year ago comp of -3% undemanding."
Continued Headwinds: Recently downgraded by Moody’s and Fitch putting the company at risk of not being able to access CP market if short-term ratings are cut further...We continue to see strong latent growth and margin potential at this struggling direct selling leader.
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 $51.51 yesterday.
Deutsche analyst said, "AVP is yet to announce its 2Q12 earnings release date but is expected to be during first week of August. Our 2Q12 EPS of $0.23 is $0.01 above Street and down 53% YoY...We expect total sales decline of 6.8% with f/x hit of about 8 pts. Organic growth of 1.4% should be driven entirely by price/mix. Flat volume growth is sequentially better than in recent quarters with year ago comp of -3% undemanding."
Continued Headwinds: Recently downgraded by Moody’s and Fitch putting the company at risk of not being able to access CP market if short-term ratings are cut further...We continue to see strong latent growth and margin potential at this struggling direct selling leader.
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 $51.51 yesterday.
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