Bernstein analyst Bruno Monteyne upgraded L’Oreal to Outperform from Market Perform with a price target of EUR 440, up from EUR 425. The analyst made several rating changes yesterday in European Food, saying it is “time for quality to re-assert itself.” The firm returned to a fundamental view “of backing quality companies over turnarounds.”
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Read More on LRLCY:
- L’Oreal price target raised to EUR 385 from EUR 380 at Deutsche Bank
- L’Oreal price target raised to EUR 443 from EUR 427 at Barclays
- L’Oreal price target lowered to EUR 392 from EUR 402 at Berenberg
- L’Oreal price target raised to EUR 460 from EUR 445 at Credit Suisse
- L’Oreal reports Q2 like-for-like sales up 13.7%, consensus up 11.7%