Goldman Sachs Resumes Estee Lauder (EL) at Buy, Citing Secular Trends
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Price: $100.08 +4.09%
Rating Summary:
20 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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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