Bernstein SocGen Group analyst Cristian Rios raised the price target on Estee Lauder (NYSE: EL) to $114.00 (from $106.00) while maintaining a Market Perform rating.

The analyst commented: "We synthesize multiple data sources to assess EL's underlying demand trends and inform our forecasts, and refine our Q1 FY27 Organic Sales Growth estimate to 3.8% YoY, up from 3.6%, and our FY 27 OSG to 3.2%, down from 3.7%. We also adjust our assumptions of Operating Margin improvement, spreading it out more evenly throughout the year, but keeping the FY target at ~13% Operating Margin. We also adjust our target P/E Multiple to 30.0x, up from 28.0x, to account for the recent appreciation of staples companies, including EL."