Canaccord raised the firm’s price target on Estee Lauder (EL) to $76 from $75 and keeps a Hold rating on the shares. The firm raised its targe ahead of earnings based on updated estimates and multiple valuation. However, they believe the company will still face a mix of controllable and uncontrollable headwinds as the company starts a new chapter in 2025 with a new executive team.
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Read More on EL:
- Estee Lauder price target raised to $80 from $74 at Wells Fargo
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