Estée Lauder Companies (EL) is a global leader in luxury beauty products, with a focus on high-end skincare, makeup, and fragrance. The company has seen a recent stock dip, dropping 12% in the past five days, but rebounding by 14% over the past three months. Estée Lauder reported solid Q2 results, with revenue up 6% year-over-year and adjusted EPS beating estimates by 6%. Citi Research upgraded EL stock to a “Buy” rating, citing a strong outlook and rebounding China business. Despite the recent selloff, Wall Street analysts maintain a “Moderate Buy” rating on EL stock with a 4% upside potential.
Source: www.barchart.com
Read more at Barchart: Citi Analysts Think You Should Buy the Dip in This Blue-Chip Stock
