In a report released today, Olivia Tong from Merrill Lynch reiterated a Buy rating on The Estée Lauder Companies Inc (EL), with a price target of $205. The company’s shares closed last Monday at $201.65, close to its 52-week high of $202.84.
According to TipRanks.com, Tong is a 3-star analyst with an average return of 3.0% and a 54.8% success rate. Tong covers the Consumer Goods sector, focusing on stocks such as Helen Of Troy Limited, Colgate-Palmolive, and Nu Skin.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Estée Lauder Companies Inc with a $197.50 average price target, a 1.2% upside from current levels. In a report issued on August 8, Evercore ISI also maintained a Buy rating on the stock with a $190 price target.
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The company has a one-year high of $202.84 and a one-year low of $121.47. Currently, The Estée Lauder Companies Inc has an average volume of 1.3M.
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The Estée Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MžAžC, Bobbi Brown, La Mer, Jo Malone London, Aveda, and Too Faced.
