Estée Lauder (EL) Stock Trades Up, Here Is Why : vimarsana.com

Estée Lauder (EL) Stock Trades Up, Here Is Why

Shares of beauty products company Estée Lauder (NYSE:EL) jumped 6.6% in the afternoon session after Bank of America upgraded the stock's rating from Neutral to Buy and raised the price target from $160 to $170. The new price target represents a potential 10% upside from where shares traded when the upgrade was announced. The analyst added, "In our view, EL has lost focus on product upgrades and innovation in recent years...Now, however, Estée Lauder is rolling out new derma lines, increasing its

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