Estee Lauder price target lowered to $140 from $150 at Barclays

Barclays lowered the firm’s price target on Estee Lauder to $140 from $150 and keeps an Equal Weight rating on the shares. Outside of Asia travel retail, Estee’s fiscal Q3 results corroborate the view that the path to recovery, both on the top and bottom line, is not linear, the analyst tells investors in a research note.