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Stock impact report

Estée Lauder (EL) Faces PT Cuts from JPMorgan and Barclays Ahead of Earnings [Yahoo! Finance]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Yahoo! Finance
Estée Lauder (EL) Faces PT Cuts from JPMorgan and Barclays Ahead of Earnings On April 17, JPMorgan lowered its price recommendation on The Estée Lauder Companies Inc. (NYSE:EL) to $98 from $121. However, it maintained an Overweight rating on the shares. The firm also removed the company from its Analyst Focus List ahead of the earnings report. The analyst said that a rising number of announced and potential deals is reducing visibility for Estee. At the same time, the firm believes the stock's current valuation presents an attractive entry point. On April 14, Barclays analyst Lauren Lieberman lowered the firm's price objective on EL to $72 from $94 and maintained an Equal Weight rating. The update came as part of a Q1 preview for the consumer staples group. Barclays said it has “growing caution” on the group heading into the prints due to higher input costs. In food, the analyst pointed to “building concerns” around how sustainable dividends are for certain companies. The Estée Show less Read more
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