Why Estée Lauder Stock Was Bumping Higher Today
Estée Lauder Companies (NYSE: EL) stock was smelling sweet on the last trading day of the week. It had an analyst's recommendation upgrade to thank for that; following the change, investors traded the shares up modestly. They were up by almost 1.3% in late-session trading that day, handily beating the more or less sideways trajectory of the S&P 500 index.Well before market open, HSBC's Erwan Rambourg changed his Estée Lauder recommendation to buy from his previous hold. He also made quite the adjustment to his price target, boosting it to $99 per share from the preceding $80. Image source: Getty Images.Continue reading
Estée Lauder Companies (NYSE: EL) stock was smelling sweet on the last trading day of the week. It had an analyst's recommendation upgrade to thank for that; following the change, investors traded the shares up modestly. They were up by almost 1.3% in late-session trading that day, handily beating the more or less sideways trajectory of the S&P 500 index.
Well before market open, HSBC's Erwan Rambourg changed his Estée Lauder recommendation to buy from his previous hold. He also made quite the adjustment to his price target, boosting it to $99 per share from the preceding $80.
Image source: Getty Images.
