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Bernstein Sticks to Their Hold Rating for L’Oreal (0NZM)

Tipranks - Tipranks - Wed Feb 11, 10:10AM CST

Bernstein analyst Callum Elliott maintained a Hold rating on L’Oreal today and set a price target of €405.00.

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Elliott covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, Nestlé SA, and Henkel AG & Co. KGaA. According to TipRanks, Elliott has an average return of 2.2% and a 55.26% success rate on recommended stocks.

In addition to Bernstein, L’Oreal also received a Hold from J.P. Morgan’s Celine Pannuti CFA in a report issued on February 6. However, on February 5, UBS maintained a Buy rating on L’Oreal (LSE: 0NZM).

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Based on L’Oreal’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €22.47 billion and a net profit of €3.37 billion. In comparison, last year the company earned a revenue of €22.12 billion and had a net profit of €3.66 billion

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