TD Cowen initiated coverage of Estee Lauder with an Outperform rating and $28 price target. The company’s "iconic" brand portfolio, geographic and category diversification, and "deep" customer loyalty drive stable high single digit sales growth, the analyst tells investors in a research note. The firm believes Estee Lauder should accelerate appeal to younger consumers through a connected, sustainable, wellness oriented, and authentic experience. The China economic inflection is also a near-term catalyst, it adds.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EL:
- Brown-Forman assumed with an Underweight at Morgan Stanley
- Estee Lauder upgraded to Buy from Hold at Societe Generale
- Olaplex mosted cited as top brand by Ulta managers, says OTR Global
- ‘I’m only rich because I know when I’m wrong’: George Soros may be right about these 2 buy-rated stocks
- Estee Lauder initiated with a Buy at Citi