Close

Estee Lauder (EL) PT Raised to $324 at Jefferies

August 19, 2022 8:18 AM EDT
Get Alerts EL Hot Sheet
Price: $229.10 +1.26%

Rating Summary:
    25 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 30 | New: 23
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Jefferies analyst Stephanie Wissink raised the price target on Estee Lauder (NYSE: EL) to $324.00 (from $297.00) while maintaining a Buy rating following earnings.

The analyst commented, "As expected, EL guided below the Street following a mixed print for Q4 (bested sales & EPS). FY23 outlook for 7-9% FY23 growth incl. +5.5ppts pricing, +2ppts distribution. Gross and op margins expected to be flattish Y/Y. China & Skincare recovery key to both growth & margins. Cost tightening actions also progressing. Biggest swing factors in model are China & Travel Retail - directional vs. full recovery. PT to $324 on de-risking & market multiple run-up."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Earnings