** Shares of cosmetics giant Estee Lauder EL.N rise ~3% to $89.15 premarket

** JP Morgan upgrades stock to "overweight" from "neutral"; raises PT to $101 from $62

** See like-for-like sales inflecting positive in the crucial December 2025 quarter as demand normalizes and inventory levels stay adequate - brokerage says

** Brokerage says co to reinvest savings from cost saving plan in global digital marketing to accelerate online growth

** 11 of 20 brokerages rate stock "buy" or higher, 8 rate "hold" and 1 rate "sell" or lower; median PT is $81.23 - data compiled by LSEG

** As of last close, EL shares down 15.72% YTD

(Reporting by Anshi Sancheti in Bengaluru)

((Anshi.Sancheti@thomsonreuters.com))