Goldman Sachs Initiates Estee Lauder at Neutral Amid Uncertainties in Asia Travel Recovery
Friday, 1 March 2024, 09:56
Goldman Sachs Initiates Estee Lauder at Neutral Amid Uncertainties in Asia Travel Recovery
Goldman Sachs has decided to initiate coverage of Estee Lauder with a Neutral rating, highlighting the uncertainties surrounding the recovery of travel in Asia.
The move reflects concerns about the impact of travel trends on Estee Lauder's business performance. While the Neutral rating suggests a cautious outlook, it also points towards potential challenges and opportunities for the company in the evolving market landscape.
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