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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EL:
- Estee Lauder price target raised to $80 from $74 at Wells Fargo
- Estee Lauder price target raised to $98 from $91 at Piper Sandler
- Estee Lauder working with Evercore to review beauty portfolio, Bloomberg says
- Estee Lauder price target raised to $71 from $63 at Barclays
- Estee Lauder price target raised to $80 from $74 at UBS