The Estée Lauder Companies ( (EL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Estée Lauder’s stock is on the rise following an upgrade to ‘Buy’ by Goldman Sachs, which sees a potential return to sales growth and stabilizing trends in China. Additionally, JP Morgan has raised its price target, reflecting confidence in the company’s strategic growth plans in Asia. However, insider selling and mixed ratings from other analysts indicate a cautious market sentiment.
More about The Estée Lauder Companies
YTD Price Performance: 18.52%
Average Trading Volume: 3,535,749
Technical Sentiment Signal: Sell
Current Market Cap: $31.54B
For further insights into EL stock on TipRanks’ Stock Analysis page.
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