Estee Lauder's Conservative Annual Guidance 'Expected,' Says This Analyst

Benzinga

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Estee Lauder Companies Inc (EL) with a price target of $377.00.

Telsey opined that the Q4 decline seems to have entirely offset high-single-digit growth through the first three-quarters of the year, resulting in a flat annual result for the category.

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