B. Riley initiated coverage of Estee Lauder with a Neutral rating and $95 price target. Est L is a leader in prestige beauty globally and “boasts a rich history across its brands,” the analyst tells investors in a research note. However, the firm believes the headwinds facing the company due to external factors, such as a weak Chinese consumer and the potential for structural issues, such as brand relevance, suggest an extended timeline for a growth and margin recovery.
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