- Telsey Advisory Group Analyst Dana Telsey reiterated an Outperform rating on the shares of Estee Lauder Companies, Inc. EL with a price target of $250.
- The analyst believes limited visibility to Korea’s travel retail recovery. This, coupled with a slower rebound in international travel, may pose headwinds for the company.
- The lag in Asian travel retail can represent lost business and profitability, the analyst notes.
- However, the channel’s forward recovery prospects and the strength in demand across the rest of the business are a tailwind.
- The analyst expects the company to benefit from solid margins driven by increased near-term investments in brand building, manufacturing, R&D, and IT that can further accelerate profitability improvement as FY24 progresses.
- These apart, the new manufacturing facility that has just opened in Japan will help ease lead times to the market and improve inventory management.
- In addition, the recovery of China over time presents more growth opportunities, the analyst adds.
- Also Read: Why Cosmetics Company Estee Lauder's Shares Are Surging Today
- Price Action: EL shares are trading higher by 0.79% at $205.15 on the last check Monday.
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ELThe Estee Lauder Companies Inc
$58.84-0.51%
Edge Rankings
Momentum
10.42
Growth
17.37
Quality
2.12
Value
26.36
Price Trend
Short
Medium
Long
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