Erste Group upgraded L’Oreal (LRLCY) to Buy from Hold. L’Oreal has “good prospects of benefiting” from the positive growth prospects for the global market for beauty products, the analyst tells investors. The company has a significantly higher return on equity and a higher operating margin than its competitors, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRLCY:
- L’Oreal price target lowered to EUR 355 from EUR 365 at Jefferies
- AI Daily: Google wants 500M Gemini AI users by year-end
- IBM, L’Oreal enter collaboration to leverage generative artificial intelligence
- L’Oreal price target lowered to EUR 360 from EUR 400 at Citi
- L’Oreal downgraded to Market Perform from Outperform at Bernstein