Market Overview

UPDATE: Stifel Nicolaus Raises PT to $72 on Estee Lauder on Margin Upside Outlook

Related EL
Morgan Stanley Issues 2015 'Vintage Values' Stock List
Benzinga's Top Downgrades

Stifel Nicolaus reiterated its Buy rating on Estee Lauder (NYSE: EL) and raised its price target from $67 to $72.

Stifel Nicolaus noted, "We lift our F2013 and F2014 EPS estimates to $2.63 (was $2.61) and $3.04 (was $2.96), respectively, and our 12-month price target to $72 per share (was $67), 12.9x estimated F2014 EBITDA. We believe a premium valuation is warranted given the outlook for continued sales growth and margin upside. On EV/EBITDA, EL shares trade at an 11.7% premium to large-cap consumer names while sales growth is 71% higher than the peer average, including 3/4 of sales growth derived from volume."

Estee Lauder closed at $64.66 on Wednesday.

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Most Popular

Related Articles (EL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters