Estee Lauder raises 2016 sales forecast as makeup sales shine
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Piper Jaffray Raises Price Target on Estée Lauder (EL) Following Strong 2Q
February 8, 2016 8:07 AM ESTPiper Jaffray reiterated an Overweight rating on Estee Lauder (NYSE: EL), and raised the price target to $99.00 (from $98.00), following the company's 2Q earnings report. EL continues to outperform expectations despite macroeconomic headwinds in its increasingly global business model. In FQ2, EL was able to anticipate and execute on current trends, and deliver... More
