B. Riley analyst Anna Glaessgen lowered the firm’s price target on Estee Lauder (EL) to $70 from $95 and keeps a Neutral rating on the shares. With end market deceleration, hindered visibility into domestic market share stabilization, and the transition of key leadership roles, Riley remains on the sidelines “given heightened uncertainty,” the analyst tells investors in a research note. The firm expects the shares will remain rangebound near term.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EL:
- Estée Lauder Announces Leadership Changes for 2025
- PayPal, Estee Lauder downgraded: Wall Street’s top analyst calls
- Estee Lauder price target lowered to $76 from $105 at Telsey Advisory
- Estee Lauder price target lowered to $85 from $100 at Morgan Stanley
- Estee Lauder price target lowered to $100 from $131 at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
