Estee Lauder Viewed As 'Glass Half Full,' By This Analyst
Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on Estee Lauder Companies Inc (NYSE: 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.
Photo Via Company
Latest Ratings for EL
Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Barclays | Maintains | Overweight | |
Feb 2022 | Morgan Stanley | Maintains | Overweight | |
Feb 2022 | JP Morgan | Maintains | Overweight |
View More Analyst Ratings for EL
View the Latest Analyst Ratings
See more from Benzinga
Estee Lauder's Conservative Annual Guidance 'Expected,' Says This Analyst
Beauty Products Provider Estee Lauder's Q4 Beats But Outlook Disappoints
Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.