Wall Street Raises Price Targets for Estee Lauder to $85 Following Strong Q3 Performance
Estée Lauder (EL) reported a strong third-quarter performance with revenue rising 5% year-over-year and Mainland China sales increasing by 11%, leading Canaccord and Wells Fargo to raise their price targets for the stock. Both firms maintained neutral ratings but signaled cautious optimism about Estee Lauder's turnaround, citing margin expansion and improved operational efficiency.
Topics: China growth earnings beat Estée Lauder price targets