Estee Lauder (EL) PT Raised to $134 at Bernstein
Bernstein analyst Ali Dibadj raised his price target on Estee Lauder (NYSE: EL) to $134.00 (from $121.00) while maintaining an Outperform rating following strong Q3 results.
Dibadj said the results give them more confidence in the company's trajectory post CY:18.
The firm raised FY:18 EPS estimate by +$0.10 to $4.14, on better topline, margins, and a lower tax rate.