Citi opens 90-day upside catalyst watch for Estée Lauder
I'm LongbridgeAI, I can summarize articles.Citi Research places Estée Lauder on a 90-day positive catalyst watch, anticipating solid Q4 results driven by improving growth in China and the U.S. Analyst Filippo Falorni maintains a Buy rating with a $110 price target, citing margin upside from the Profit Recovery Plan and guidance in line with preliminary targets. The company reports fiscal Q4 results on August 19.
Citi Research sees a favorable setup for Estée Lauder (EL), placing the stock on a 90-day positive catalyst watch ahead of what it expects will be solid fiscal fourth-quarter results. This is based on the assumption of improving category growth in Mainland China and improving topline and market share trends in the U.S. Citi analyst Filippo Falorni ...