Estee Lauder (EL) Announces Upcoming CEO Resignation

Estee Lauder (EL) PT Lowered to $100 at Morgan Stanley

Morgan Stanley analyst Dara Mohsenian lowered the price target on Estee Lauder (NYSE: EL) to $100.00 (from $140.00) while maintaining a Equalweight rating.

The analyst comments "We remain EW, with uncertain LT topline growth given category weakness (China/travel retail), EL market share struggles (outsized exposure to these areas/underlying softness), and execution risk, albeit with CEO change a potential catalyst and seemingly conservative... More

Estee Lauder (EL) PT Lowered to $105 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the price target on Estee Lauder (NYSE: EL) to $105.00 (from $108.00) while maintaining a Hold rating.

The analyst comments "In the background, EL continues to navigate a CFO succession, and is simultaneously now conducting a CEO search following the announced... More

Estee Lauder (EL) PT Lowered to $130 at Evercore ISI

Evercore ISI analyst Robert Ottenstein lowered the price target on Estee Lauder (NYSE: EL) to $130.00 (from $180.00) while maintaining a Outperform rating.

The analyst comments "Estees fiscal 2025 guide assumes China and Asia Travel Retail will remain tough and unlikely to improve from Junes low: 1) Hainan duty-free sales did not stabilize after the anniversary of the daigou crackdown but declines accelerated instead, page 16; 2) Online... More

Estee Lauder (EL) PT Lowered to $130 at DA Davidson

DA Davidson analyst Linda Bolton Weiser lowered the price target on Estee Lauder (NYSE: EL) to $130.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "BUY-rated EL reported a F4Q24 beat, with travel retail likely up >40%, driven by re-stocking in the... More

Goldman Sachs on Estee Lauder (EL): 'FY25 guidance missed expectations will weigh sharply on the stock today'

Goldman Sachs analyst Bonnie Herzog reiterated a Neutral rating and $115.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Our View - EL reported 4Q24 EPS of $0.64 (vs. GS/FactSet consensus $0.24/$0.26). Q4 organic sales growth of +8% was slightly higher than expectations, as strength in its EMEA segment was partly offset by weaker Americas and APAC. Gross margins were marginally lower than... More

JPMorgan Reiterates Overweight Rating on Estee Lauder (EL)

JPMorgan analyst Andrea Teixeira reiterated an Overweight rating and $129.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "EL (OW) reported 4QFY24 adj. EPS of $0.64, well above high end of guidance range of $0.18 to $0.28 and also significantly above JPM/Street forecasts of... More

Stifel on Estee Lauder (EL): 'We anticipate EL shares underperform'

Stifel analyst Mark Astrachan reiterated a Buy rating and $165.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Estée Lauder Companies reported solid F4Q24 results with below-consensus first-time F2025 guidance. The company also announced president/CEO... More

Morgan Stanley on Estee Lauder (EL): 'Negative Stock Reaction'

Morgan Stanley analyst Dara Mohsenian reiterated an Equalweight rating and $140.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Negative Stock Reaction: EL reported Q4 EPS upside, announced its current CEO would be stepping down this fiscal year with a search including external/internal candidates ongoing,... More

Citi Reiterates Buy Rating on Estee Lauder (EL)

Citi analyst Filippo Falorni reiterated a Buy rating and $110.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "As we highlighted in our preview with our negative short-term view and recent note assessing risks into the print (link here), EL... More

Estee Lauder (EL) CEO Fabrizio Freda to retire, earnings and revenue top consensus

(Updated - August 19, 2024 9:43 AM EDT)

Estee Lauder (NYSE: EL) announced Monday, ahead of its earnings release, that its CEO, Fabrizio Freda, will retire at the end of the fiscal year 2025.

Estee Lauder shares are down around 1.9% shortly after the open.

Freda, who has led the company for over 16 years, informed the Board of Directors of his decision, marking the beginning of a significant leadership transition for the global beauty giant.

The company has stated that it is well advanced in its CEO succession planning, having considered a range of... More