Piper Sandler raised the firm’s price target on Estee Lauder to $305 from $300 and keeps an Overweight rating on the shares ahead of the Q1 results. The analyst says trade down, China, and travel remain the three key topics to watch this year for the beauty and wellness space. Piper continues to feel most confident in Coty (COTY) and e.l.f. Beauty (ELF) into the quarter, and continues view these two names plus Beauty Health (SKIN) as its top ideas this year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EL:
- Estee Lauder Vice Chairman Sara Moss announces retirement effective July 1
- Nvidia, others can benefit from falling dollar, Barron’s says
- Estee Lauder price target lowered to $287 from $290 at Barclays
- Estee Lauder price target raised to $300 from $298 at Piper Sandler
- Estee Lauder price target lowered to $288 from $300 at Deutsche Bank