Morgan Stanley Sees Multiple Positive Factors Ahead for Estee Lauder Companies

In a report published Thursday, Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating and $87.00 price target on

. In the report, Morgan Stanley noted, “We rate EL OW, as believe positives are not reflected in valuation, including peer-leading EPS growth, substantially higher returns, a strong balance sheet, and the potential for self-help to drive shareholder value.” Estee Lauder Companies closed on Wednesday at $73.68.