Estee Lauder (EL) could see high-single digit growth in fiscal Q1 travel retail after closing fiscal 2025 with a relatively "clean" trade inventory for travel retail, Deutsche Bank said in a Thursday note.
Deutsche Bank said US/China market share trends also remain "encouraging" for the company and its management seems on track with with tariff mitigation and productivity benefits. The investment firm said it expects "a slightly improved" fiscal 2026 gross/operating margin profile for Estee Lauder.
The company, however, faces restructuring costs next year, shipment/consumption mismatches in North America into fiscal Q1, higher fiscal 2026 tax rates, and potential market softness in Europe, Deutsche Bank added.
Deutsche Bank raised its price target on Estee Lauder stock to $100 from $98, while reiterating a buy rating.
Price: 88.30, Change: +1.73, Percent Change: +2.00
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。