Stifel Nicolaus is out with its report today on Estee Lauder EL, upgrading EL from Hold to Buy.
In its report, Stifel Nicolaus writes, "We upgrade Estée Lauder to Buy from Hold and establish a 12-month price
target of $113 per share. We anticipate the company will continue gaining share of the global prestige beauty category given a best-in-class brand portfolio and developing market growth resulting in at least mid-to-high single digit sales growth over the next 3-5 years."
Shares of EL closed Friday at $95.14.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in