Estee Lauder Started as a “Sell” at Weeden & Co. (EL)

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Cosmetics and perfumes maker The Estee Lauder Companies Inc. ( EL ) on Thursday saw its coverage initiated with a rare "Sell" call by analysts at Weeden & Co.

The firm noted EL will likely struggle to improve its margins in coming quarters, and set a $93 price target on the shares. That target suggests a 13% downside to the stock's Wednesday closing price of $106.55.

Despite the negative call, Estee Lauder shares were mostly flat in premarket trading Thursday.


The Bottom Line
Shares of Estee Lauder ( EL ) have a .70% dividend yield, based on last night's closing stock price of $106.55. The stock has technical support in the $95-$100 price area. The shares are trading near all-time highs.

The Estee Lauder Companies Inc. ( EL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: EL

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