Estee Lauder (EL) is expected to see a significant turnaround as the Beauty Reimagined strategy takes hold, with a 30% stock climb predicted by Bank of America Securities. Recovery is forecasted due to revenue growth, margin expansion, and cost efficiency.
Wells Fargo raised its price target to $90 from $60, expecting a recovery in earnings following an improvement in China sales after several years of slowing demand.
Shares of beauty products company Estée Lauder (NYSE:EL)
fell 3.1% in the afternoon session after the major indices pulled back (Nasdaq -0.8%, S&P 500 -0.77%), largely due to escalating concerns surrounding the July 9th deadline for new US tariffs, now amplified by specific announcements.
Monday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
Shares of beauty products company Estée Lauder (NYSE:EL) jumped 5.4% in the morning session after Deutsche Bank analysts upgraded the stock from Hold to Buy and raised the price target from $71 to $95 (implying more than a 20% upside), noting that demand concerns in the beauty space were fading.
