UBS analyst Peter Grom lowered the firm’s price target on Estee Lauder to $104 from $115 and keeps a Neutral rating on the shares. Estee Lauder delivered a Q4 beat, but initial guidance for FY25 fell below Street expectations, the analyst tells investors in a research note. The company’s guidance does embed a fair amount of conservatism, but the top and bottom line recovery is taking longer than many have hoped and the path ahead is still uncertain given the moving pieces, the firm says.
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