L’Oreal (0NZM – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Molly Wylenzek from Jefferies maintained a Hold rating on the stock and has a €355.00 price target.
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Molly Wylenzek’s rating is based on the consideration of several factors influencing L’Oreal’s market position. She anticipates global beauty growth to be subdued, which could constrain L’Oreal’s ability to outperform the broader market as it has in the past. Although there has been a recent decline in the stock’s valuation, she does not see it as a strong buying opportunity due to the challenging market conditions.
Wylenzek has adjusted the firm’s FY25 like-for-like estimates downward following the FY24 results. This revision reflects a more cautious stance given the slower than expected market growth, which is now below the long-term target range of 4% to 4.5%. These elements together suggest a more cautious outlook, leading her to recommend a Hold rating on the stock.
According to TipRanks, Wylenzek is ranked #4672 out of 9369 analysts.
In another report released yesterday, Citi also maintained a Hold rating on the stock with a €350.00 price target.