Wells Fargo raised the firm’s price target on Estee Lauder (EL) to $80 from $74 and keeps an Equal Weight rating on the shares. The firm notes Estee Lauder’s earnings power will be dictated by either an item Estee Lauder can’t control, i.e. revenue leverage… “and the whims of China;” or an item it can control, i.e., cost structure.
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