Stifel lowered the firm’s price target on Estee Lauder (EL) to $81 from $125 and keeps a Hold rating on the shares. After having downgraded Estee Lauder to Hold from Buy yesterday, the firm then reduced FY25-FY26 sales and EPS estimates to reflect the disappointing Q1 results and Q2 guidance, as well as withdrawn FY25 expectations, which drove its price target lower. The firm views shares as range-bound pending perspective from incoming new management as to the timing and costs needed to improve sales and market share trends, the analyst tells investors.
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Read More on EL:
- Estee Lauder price target lowered to $75 from $100 at BofA
- Estee Lauder price target lowered to $75 from $100 at Canaccord
- Estee Lauder downgraded to Neutral from Overweight at JPMorgan
- Estée Lauder Faces Challenges Amidst Market Uncertainty
- Estee Lauder price target lowered to $89 from $122 at Piper Sandler