Estee Lauder price target lowered to $105 from $115 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Estee Lauder to $105 from $115 and keeps a Market Perform rating on the shares. The company’s Q4 results were “better-than-expected,” driven by better sales, gross margin expansion, and effective expense control, the analyst tells investors. However, the firm’s FY25 outlook came in “significantly” below prior expectations and was not surprised by the announcement of a CEO transition.