Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Estee Lauder to $210 from $250 and keeps an Outperform rating on the shares. “Encouragingly,” Q4 results topped expectations on both the top- and bottom-line and while the FY24 outlook disappointed relative to consensus, the firm believes that some level of softness was to be expected given the known headwinds to Asia travel retail, the analyst tells investors in a post-earnings note.
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