Argus analyst John Staszak lowered the firm’s price target on L’Oreal (LRLCY) to $80 from $100 but keeps a Buy rating on the shares. The company benefits from its strong brand reputation, premium products, expanding e-commerce business, and significant presence in Asia, the analyst tells investors in a research note. Argus adds that given its clean balance sheet, L’Oreal should continue to raise the dividend and repurchase shares.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRLCY:
- L’Oreal downgraded to Equal Weight from Overweight at Morgan Stanley
- L’Oréal’s Record Year and Strategic Outlook
- Cautious Outlook on L’Oreal: Hold Rating Amid Subdued Global Beauty Growth
- L’Oreal price target lowered to EUR 422 from EUR 424 at Barclays
- L’Oreal price target lowered to EUR 350 from EUR 360 at Citi