Wells Fargo lowered the firm’s price target on Estee Lauder (EL) to $60 from $70 and keeps an Equal Weight rating on the shares. The firm is refreshing its global sell-in/sell-through framework one last time before EPS kicks off next week. The final cut of U.S. data is likely to accelerate jitters on consumption, even as emerging market data felt a positive offset for multi-nationals.
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Read More on EL:
- Estee Lauder price target lowered to $55 from $77 at Citi
- Estee Lauder price target lowered to $61 from $72 at JPMorgan
- Estee Lauder price target lowered to $56 from $64 at Barclays
- Estee Lauder call volume above normal and directionally bullish
- Estee Lauder price target lowered to $67 from $77 at Stifel