Estee Lauder Viewed As 'Glass Half Full,' By This Analyst

Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on Estee Lauder Companies Inc EL with a price target of $320.00.
The company's Q4 earnings came in above street expectations.
Estee's guidance for Q1 FY23, Mohsenian thinks, is highly beatable and believes the market will look ahead to rebounding trends in fiscal H2 with easy COVID-impacted comparisons.
The analyst thinks the company's growth will be driven by a mix shift to high growth, high margin channels (e-commerce/travel retail), regions (the Asia Pacific, particularly China), and product category (skincare segment), and a potential rebound in near-term revenue post-COVID.
Also Read: Estee Lauder's Conservative Annual Guidance 'Expected,' Says This Analyst
Price Action: EL shares are trading lower by 2.87% at $265.44 on the last check Monday.
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