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flag Stifel Nicolaus cuts Estée Lauder's price target despite better-than-expected Q4 earnings.

flag Stifel Nicolaus lowered Estée Lauder's price target to $67.00 from $77.00 but kept a 'hold' rating. flag Despite a 6.4% drop in sales year-over-year, the company reported a better-than-expected Q4 earnings per share of $0.62 and revenue of $4 billion. flag Estée Lauder has an average analyst price target of $85.52. flag The company's stock has fluctuated between $48.37 and $149.91 in the past year.

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