Argus analyst John Staszak lowered the firm’s price target on L’Oreal (LRLCY) to $80 from $100 but keeps a Buy rating on the shares. The company benefits from its strong brand reputation, premium products, expanding e-commerce business, and significant presence in Asia, the analyst tells investors in a research note. Argus adds that given its clean balance sheet, L’Oreal should continue to raise the dividend and repurchase shares.
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