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Piper Jaffray Raises Price Target on Estée Lauder (EL) Following Strong 2Q

February 8, 2016 8:07 AM EST

Piper 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