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HSBC upgraded Estée Lauder to "strong-buy," despite a Q2 revenue drop, citing positive earnings growth.
HSBC upgraded Estée Lauder's stock rating to "strong-buy" due to positive earnings growth and strong brands.
The company reported $0.65 EPS, beating estimates by $0.36.
Despite a 9.9% drop in Q2 revenue, Wall Street Zen upgraded the stock to "Hold" with a $74.45 price target.
Estée Lauder's market cap is $28.88 billion, and analysts predict 1.36 EPS for the year.
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HSBC actualizó a Estée Lauder a "compra fuerte", a pesar de una caída en los ingresos del segundo trimestre, citando un crecimiento positivo de las ganancias.