Deutsche Bank analyst Steve Powers raised the firm’s price target on Estee Lauder to $300 from $290 and keeps a Buy rating on the shares post the Q3 results. The analyst exited the quarter "incrementally encouraged," saying the implied guidance that signals a better than expected exit rate into fiscal 2024 and the Q3 dynamics are "legitimately transitory."
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- Estee Lauder price target raised to $308 from $250 at DA Davidson
- Estee Lauder sees FY23 adjusted EPS $4.87-$5.02, consensus $5.35
- Estee Lauder sees Q3 adjusted EPS 37c-47c, consensus $1.77
- Estee Lauder reports Q2 diluted EPS $1.09, consensus $1.30
- Bath & Body Works price target raised to $52 from $45 at Jefferies