Piper Jaffray Raises Estee Lauder Estimates

Piper Jaffray is adjusting its estimates on shares of Estee Lauder Companies, Inc. EL to the high-end of management's guidance for FQ2 from $1.37 to $1.45 (consensus $1.41); for FY11, from $3.07 to $3.13 (vs. guidance of $2.90-$3.10; consensus $3.22); and for FY12, from $3.57 to $3.65. Estee Lauder Companies closed Monday at $76.71.