Stock Track | Estee Lauder Soars 5.10% Intraday Following Citigroup Upgrade to Buy

Stock Track
Feb 06

Estee Lauder's stock surged 5.10% during intraday trading on Friday, marking a significant upward movement for the cosmetics giant.

The price increase appears to be driven by positive analyst sentiment, specifically an upgrade from Citigroup. The financial institution raised its rating on Estee Lauder from Neutral to Buy, setting a price target of $120. This upgrade likely fueled investor optimism and buying activity in the session.

While several other analysts issued reports on the company around the same time, including some maintaining or cutting price targets, the Citigroup upgrade stood out as a notable positive catalyst that contributed to the stock's strong performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10