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L’Oreal results reveal ‘continued deceleration,’ says Jefferies

L’Oreal results reveal ‘continued deceleration,’ says Jefferies

Jefferies notes L’Oreal (LRLCY) delivered results below consensus expectations, with 2.5% like-for-like growth, below the 3.9% consensus. The analyst, who expects call commentary to “remain cautious on both visibility and the pace of growth recovery,” sees the shares reacting negatively tomorrow and keeps a Hold rating and EUR 355 price target on the stock.

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