Black Friday Sale! Save huge on InvestingProGet up to 60% off

Oppenheimer sees Estee Lauder rally extending

Published 08/09/2017, 01:36 PM
© Reuters.  Oppenheimer sees Estee Lauder rally extending
EL
-
  • Estee Lauder (EL +2.3%) pokes out a tidy gain after Oppenheimer pitches the upside case.
  • The firm says the cosmetics seller's earnings can improve in 2018 and 2019 as momentum accelerates in key international markets and the impact from recent acquisitions kicks in. Partnerships with Ulta nd Sephora are also seen as a positive.
  • "We no longer view EL shares as cheap, but believe investors are likely to assign a higher multiple to shares given the current backdrop," writes analyst Rupesh Parikh.
  • Oppy has an Outperform rating and $110 price target on EL.
  • Now read: Money Is Flowing Back Into Growth Stocks - Cramer's Mad Money (6/19/17)


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.