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Estee Lauder price target raised to $274 from $220 at JPMorgan

JPMorgan analyst Andrea Teixeira raised the firm’s price target on Estee Lauder to $274 from $220 and keeps an Overweight rating on the shares. The analyst expects a "bifurcated" year for staples in 2023 and thinks selective household, personal care, and beverage stocks "can continue to work next year."

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