Goldman Sachs Downgrades Estee Lauder (EL) to Sell

Goldman Sachs analyst Jason English downgraded Estee Lauder (NYSE: EL) from Neutral to Sell with a price target of $116.00 (from $171.00).

The analyst believes the valuation is lofty and with an expectation for in-line EPS performance he sees downside risks, especially as sales slow.

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 $132.73 yesterday.

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