SMASHBOX COSMETICS LAUNCHES LIMITED-EDITION COLLABORATION WITH MEXICO CITY-BASED FASHION BRAND: ILKA

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Estee Lauder (EL) PT Lowered to $70 at B.Riley

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