Estee Lauder stock plunges, withdraws full-year outlook on China uncertainty
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November 4, 2024 5:16 AM EST
B.Riley analyst Anna Glaessgen lowered the price target on Estee Lauder (NYSE: EL) to $70.00 (from $95.00) while maintaining a Neutral rating.
The analyst comments "Worsening Chinese consumer sentiment drives meaningful reduction to FY25 estimates. The prestige beauty industry in... More
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
October 31, 2024 8:53 AM EDT
Citi analyst Filippo Falorni downgraded Estee Lauder (NYSE: EL) from Buy to Neutral with a price target of $80.00 (from $105.00).
The analyst comments "Even though the bar was very low for EL, F1Q25 results and guidance update were much worse than... More
