DA Davidson has decided to maintain its Buy rating of Estee Lauder Cos EL and raise its price target from $250.00 to $308.00.
Shares of Estee Lauder Cos are trading up 0.12% over the last 24 hours, at $268.73 per share.
A move to $308.00 would account for a 14.62% increase from the current share price.
About Estee Lauder Cos
Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (56% of fiscal 2022 sales), makeup (26%), fragrance (14%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, Origins, Dr. Jart+, and The Ordinary. The firm operates in 150 countries, with 26% of fiscal 2022 revenue stemming from the Americas, 43% from Europe, the Middle East and Africa, and 31% from Asia-Pacific. The company sells its products through department stores, travel retail, multibrand specialty beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
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