Estee Lauder Viewed As 'Glass Half Full,' By This Analyst

Estee Lauder Viewed As 'Glass Half Full,' By This Analyst
  • Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on Estee Lauder Companies Inc EL with a price target of $320.00.
  • The company's Q4 earnings came in above street expectations.
  • Estee's guidance for Q1 FY23, Mohsenian thinks, is highly beatable and believes the market will look ahead to rebounding trends in fiscal H2 with easy COVID-impacted comparisons.
  • The analyst thinks the company's growth will be driven by a mix shift to high growth, high margin channels (e-commerce/travel retail), regions (the Asia Pacific, particularly China), and product category (skincare segment), and a potential rebound in near-term revenue post-COVID.
  • Also ReadEstee Lauder's Conservative Annual Guidance 'Expected,' Says This Analyst
  • Price Action: EL shares are trading lower by 2.87% at $265.44 on the last check Monday.
  • Photo Via Company
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