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Benzinga
Benzinga
Business
Priya Nigam

Goldman Upgrades Estee Lauder, Sees Growth Returning As China, Travel Retail Stabilize

Estee,Lauder,Store,Sign,Close-up.,Estee,Lauder,Is,A,Luxury

Global beauty giants are redefining growth strategies in a rapidly evolving market, reshaping consumer experiences and setting new industry benchmarks. Estee Lauder Companies Inc. (NYSE:EL) could begin generating topline growth as soon as the fiscal first quarter starting in September, "which should be followed by a return to double-digit EBIT margins in FY27 and beyond," according to Goldman Sachs.

The Estee Lauder Companies Analyst: Analyst Bonnie Herzog upgraded the rating to Buy, while raising the price target to $115.

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