The Estée Lauder Companies Reports Strong Sales and Earnings Growth in Fiscal 2017 Third Quarter

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Estee Lauder (EL) PT Raised to $95 at Jefferies Following 3Q Report

May 4, 2017 9:47 AM EDT

Jefferies raised its price target on Estee Lauder (NYSE: EL) to $95.00 (from $91.00) while maintaining a Hold rating. EL reported a 3Q topline upside of +9% vs. estimates of +7.5%. Lower SG&A drove the ~21% OI beat and $0.91 of EPS handily outpaced $0.73 expectations and $0.65-$0.70... More