The Estée Lauder Companies Announces the Appointment of Stéphane de La Faverie as President and Chief Executive Officer

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Evercore ISI Reiterates Outperform Rating on Estee Lauder (EL)

October 31, 2024 8:55 AM EDT

Evercore ISI analyst Robert Ottenstein reiterated an Outperform rating and $130.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Estees reliance on China, mainland and throughout travel corridors, is underscored yet again. There are no multiple engines of growth, at least not profitable ones, and as Asia Travel Retail stopped taking orders, operating losses elsewhere surface. Results suggest significant organizational and commercial weaknesses and challenges outside Asia. For... More