Bank of America Securities Reaffirms Their Buy Rating on The Estée Lauder Companies (EL)
In a report released today, Ashley Wallace from Bank of America Securities reiterated a Buy rating on The Estée Lauder Companies, with a price target of $120.00.
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According to TipRanks, Wallace is a 2-star analyst with an average return of 0.7% and a 52.46% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Estée Lauder Companies with a $97.63 average price target.
Based on The Estée Lauder Companies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.71 billion and a net profit of $89 million. In comparison, last year the company earned a revenue of $3.55 billion and had a net profit of $159 million
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