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Stifel Nicolaus cuts Estée Lauder's price target despite better-than-expected Q4 earnings.
Stifel Nicolaus lowered Estée Lauder's price target to $67.00 from $77.00 but kept a 'hold' rating.
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.
Estée Lauder has an average analyst price target of $85.52.
The company's stock has fluctuated between $48.37 and $149.91 in the past year.
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Stifel Nicolaus recorta el objetivo de precios de Estée Lauder a pesar de que las ganancias Q4 son mejores de lo esperado.