China Merchants Securities Downgrades Estee Lauder (EL) to Sell
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Estee Lauder (EL) PT Lowered to $70 at B.Riley
November 4, 2024 5:16 AM ESTB.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
