Estee Lauder Stock Falls On BofA Downgrade

Comments
Loading...
  • BofA analyst Bryan Spillane downgraded Estee Lauder Companies Inc EL to Neutral from Buy and raised the price target to $375 from $345, suggesting a 4.5% upside.
  • The analyst said the company's growth drivers are being offset by the stock's "full valuation" following a 14% run-up in December alone.
  • Spillane added that his new price target now assumes a 40-times earnings multiple versus 37-times prior, representing a 30% premium to the company's Beauty peers.
  • Price Action: EL shares are trading lower by 3.65% at $358.29 on the last check Wednesday.
EL Logo
ELThe Estee Lauder Companies Inc
$55.304.44%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
9.21
Growth
17.22
Quality
1.06
Value
25.10
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In: